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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CANADIAN PACIFIC KANSAS CITY LTD. $103 is a buy. The company (Toronto symbol CP; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 933.5 million; Market cap: $96.2 billion; Price-to-sales ratio: 6.2; Dividend yield: 0.7%; TSINetwork Rating: Above Average; www.cpkcr.com) ships freight over a 32,190-kilometre rail network in Canada, the U.S....
This 260-kilometre line will connect two natural gas hubs along the Texas Gulf Coast....
The Hudson’s Bay Company, which operates 96 department stores in seven provinces, has begun to liquidate most of its stores, and it still aims to keep six of them going.
As a result, HBC is set to sell most stores or the leases associated with rented ones.
Through a joint venture, RioCan co-owns seven Hudson’s Bay stores....
BROOKFIELD RENEWABLE PARTNERS L.P., $32.36, is a buy. The partnership (Toronto symbol BEP.UN; Units outstanding: 660.2 million; Market cap: $21.3 billion; TSINetwork Rating: Extra Risk; Dividend yield: 6.6%; www.bep.brookfield.com) owns 239 hydroelectric generating stations, 230 wind farms, 226 solar facilities, and 7,211 distributed generation and energy storage sites.
In the quarter ended December 31, 2024, Brookfield’s revenue increased 8.2%, to $1.43 billion from $1.32 billion a year earlier (all amounts except unit price and market cap in U.S....
PEMBINA PIPELINE, $58.54, is a buy. The company (Toronto symbol PPL; Shares outstanding: 580.6 million; Market cap: $33.7 billion; TSINetwork Rating: Average; Dividend yield: 4.7%; www.pembina.com) is an energy transportation and midstream service provider that has served North America’s energy industry for 70 years....
That firm distributes films, television programming and other media to a wide variety of international broadcasters and streaming firms.
The company has not yet said how much it is paying for this stake....
MANULIFE FINANCIAL, $46.35, is a buy. This safety-conscious stock (Toronto symbol MFC; Shares outstanding: 1.7 billion; Market cap: $78.3 billion; TSINetwork Rating: Above Average; Dividend yield: 3.8%; www.manulife.ca) represents one of Canada’s largest life insurers....