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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MICROSOFT CORP....
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H&R REAL ESTATE INVESTMENT TRUST $8.46 is a buy. Through your units in this REIT (Toronto symbol HR.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 286.7 million; Market cap: $2.4 billion; Dividend yield: 16.3%; Dividend Sustainability Rating: Above Average; www.hr-reit.com) you tap income from 455 properties: 33 office buildings, 311 retail developments, 87 industrial buildings and 24 residential properties....
Our advice is that if your stock holdings made sense for you a few weeks ago, in light of your investment goals, financial circumstances and temperament, then you should hang on to them.
You should also continue to follow our three-pronged Successful Investor strategy: Invest mainly in established companies; spread your money out across the five main economic sectors; and downplay or avoid stocks that are in the broker/media limelight.
But most important—with yields on many stocks currently so much higher than before the COVID-19 tumult and with many companies cutting their dividends—income investors need to pay close attention to our Dividend Sustainability Ratings.
In this, your latest issue of Dividend Advisor, you’ll also find several high-yielding stocks we recommend for new buying....
The COVID-19 coronavirus outbreak has already forced many firms to cut or suspend their dividends....
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