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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LOBLAW COMPANIES LTD....
BROOKFIELD RENEWABLE PARTNERS LP $70 remains a buy. The partnership (Toronto symbol BEP.UN; High-Growth Dividend Payer Portfolio, Utilities sector; Units outstanding: 311.3 million; Market cap: $21.8 billion; Dividend yield: 3.3%; Dividend Sustainability Rating: Above Average; www.bep.brookfield.com) owns 219 hydroelectric generating stations, 104 wind farms and 4,969 solar-power facilities.
With the March 2020 payment, Brookfield raised its quarterly distribution by 5.3%, to $0.5425 U.S....
Interest rates are near historic lows, and investors still earn low returns on their fixed-return investments. This leads some to buy high-yield stocks indiscriminately, without looking too closely to see if a yield is high because investors wonder how long the company can keep paying its current dividend.
When a high-yield stock cuts its dividend, the stock’s price generally drops....
“Market lore can make interesting and worthwhile reading....
DREAM OFFICE REIT $18.52 (Toronto symbol D.UN; TSINetwork Rating: Extra Risk) (www.dream.ca/office; Shares o/s: 55.0 million; Market cap: $1.1 billion; Dividend yield: 5.4%) has 31 office properties, including two under development....
RIOCAN REAL ESTATE INVESTMENT TRUST $14 is a buy. The REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 317.7 million; Market cap: $4.4 billion; Price-to-sales ratio: 3.6; Dividend yield: 10.3%; TSINetwork Rating: Average; www.riocan.com) owns 221 shopping centres and other properties across Canada, including 15 projects under development....