Dividends can produce as much as a third of your total return over long periods, and you can even retire on dividends.
There are 4 key stock dividend dates that are involved with dividend payments:
1- The Declaration Date is several weeks in advance of a dividend payment—it’s when company’s board of directors sets the amount and timing of the proposed payment.
2- The Payable Date is the date set by the board on which the dividend will actually be paid out to shareholders.
3- The Record Date is for shareholders who hold the stock before the payable date and receive the dividend payment. That date is set any number of weeks before the payable date.
4-The Ex-Dividend Date is two business days before the record date and it’s when the shares begin to trade without their dividend. If you buy stocks one day or more before their ex-dividend date, you will still get the dividend. That’s when a stock is said to trade cum-dividend. If you buy on the ex-dividend date or later, you won’t get the dividend. The ex-dividend date is in place to allow pending stock trades to settle.
We think very highly of stocks that have been paying dividends for five or more years, at TSI Network. Many of these stocks fit in well with our three-part Successful Investor philosophy:
1- Invest mainly in well-established companies;
2- Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; Consumer; Finance; and Utilities);
3- Downplay or avoid stocks in the broker/media limelight.
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WELL HEALTH TECHNOLOGIES, $3.94, is a buy. The company (Toronto symbol WELL; TSINetwork Rating: Speculative) (well.company; Shares o/s: 255.4 million; Market cap: $1.0 billion; No divds.) is actively looking to divest itself of certain U.S. assets—specifically CRH Medical, Circle Medical, and WISP. It then plans to re-invest the proceeds in its higher-growth Canadian clinic network.
BCE INC. $33 (www.bce.ca) is a buy. The telecom’s Ziply Fiber business recently completed a new high-speed subterranean link to the U.S. Midwest region. That will help it profit from growing demand for faster and more reliable data transfer services from operators of AI datacentres and financial institutions.
The dividend cut follows the recent sale of Transcontinental’s plastic packaging operations to U.S.-based ProAmpac Holdings Inc. for $2.10 billion in cash. Transcontinental is now focused on its commercial printing business in Canada, including advertising flyers and in-store promotional displays. Retailers are increasingly moving to digital pricing on shelves to trim labour costs and more easily adjust pricing to better compete.
Under that plan, the bank acquired 14.92% of U.S.-banking firm KeyCorp (New York symbol KEY) for $2.8 billion U.S. in December 2024. Based in Cleveland, Ohio, KeyCorp provides a variety of financial services through 1,000 branches in 15 states.
Telus has now teamed up with Fortanix, whose software helps businesses securely run AI programs. Most AI needs unencrypted data during the training period. However, Fortanix’s Confidential Computing platform keeps sensitive data encrypted when the AI is using it.
Note—Motorola is a recommendation of Wall Street Stock Forecaster, our newsletter that focuses on U.S. stocks.
Under the terms of the offer, Choice will take control of 98 of First Capital’s retail shopping malls across Canada, mainly anchored by major grocery, drugstores or other “needs-based” stores.
PRIMARIS REIT, $18.98, is a buy. The trust (Toronto symbol PMZ.UN; Units o/s: 117.9 million; Market cap: $2.6 billion; TSINetwork Rating: Average; Yield: 4.6%; www.primarisreit.com) owns 32 properties: 26 enclosed shopping malls, one open-air centre, two plazas and three office buildings with 15.1 million square feet of leasable space. The occupancy rate is 89.9%.
KEYERA CORP., $51.60, is a buy. The company (Toronto symbol KEY; Shares o/s: 229.3 million; Market cap: $11.8 billion; TSINetwork Rating: Average; Dividend yield: 4.2%; www.keyera.com) gathers and processes natural gas as well as transporting, storing and marketing natural gas liquids (NGLs).