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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RUSSEL METALS INC. $30 is a buy. The company (Toronto symbol RUS; Cyclical-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 63.1 million; Market cap: $1.9 billion; Dividend yield: 5.1%; Dividend Sustainability Rating: Above Average; www.russelmetals.com) is one of the largest metals distributors in North America with more than 30,000 end customers across many different industries.
Russel has paid regular quarterly dividends of $0.38 a share since the third quarter of 2014; the annual rate of $1.52 yields a high 5.1%....
RAYTHEON TECHNOLOGIES CORP. $93 is a buy. The company (New York symbol RTX; Conservative-Growth Payer Portfolio; Manufacturing & Industry sector; Shares outstanding: 1.5 billion; Market cap: $139.5 billion; Dividend yield: 2.4%; Dividend Sustainability Rating: Above Average; www.rtx.com) is a leading maker of commercial aircraft equipment, electronic systems for military aircraft and guided missiles.
With the June 2022 payment, Raytheon raised your quarterly dividend by 7.8%....
GENUINE PARTS CO. $157 is a buy. The company (New York symbol GPC; Income-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 141.4 million; Market cap: $22.2 billion; Dividend yield: 2.3%; Dividend Sustainability Rating: Above Average; www.genpt.com) is a leading seller of replacement auto parts....
Foodmakers Kraft Heinz and Campbell Soup have raised the prices of their products in response to rising input costs. Despite that, their strong brands should continue to attract customers. That loyalty supports their high yields.
KRAFT HEINZ CO....
Starting with the January 2022 payment, Allied raised its monthly distribution by 2.9%....
Spinoffs tend to work out well, as investors gemerally prefer “pure-play” companies that focus on a single business. H&R’s spinoff of its retail properties as Primaris has enhanced its appeal and is behind our decision to name H&R as a top pick for 2022....
The company also continues to develop its smaller businesses, which serve the healthcare and agricultural industries....