Dividend Stocks

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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Dividend Stocks Library Archive
CANADIAN NATIONAL RAILWAY CO. $150 is a buy. The company (Toronto symbol CNR; Conservative-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 610.8 million; Market cap: $91.6 billion; Dividend yield: 2.4%; Dividend Sustainability Rating: Highest; www.cn.ca) is Canada’s largest railway. Its 30,250-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico.

The company has raised its dividend each year since it became a public company in 1995. The latest increase came with the March 2026 payment when CN raised your quarterly dividend by 3.1%, to $0.915 a share from $0.8875. The new annual rate of $3.66 yields 2.4%.
Most income-seeking investors focus on large companies, assuming that they come with less risk. However, these two small caps are leaders in their niche markets, which helps them maintain their solid dividends.
GREAT-WEST LIFECO INC. $71 is a buy. The company (Toronto symbol GWO; Conservative Growth Payer Portfolio, Finance sector; shares outstanding: 906.3 million; Market cap: $64.3 billion; Dividend yield: 3.8%; Dividend Sustainability Rating: Above Average; www.greatwestlifeco.com) is Canada’s second-largest life insurer.

Great West raised your quarterly dividend by 9.8% with the March 2026 payment, to $0.67 a share from $0.61. The new annual rate of $2.68 yields a high 3.8%.
These two energy producers continue to upgrade their operations, which will help support their dividend payments. The recent spike in oil prices could also increase the appeal of their renewable power projects.
ISHARES S&P/TSX CANADIAN DIVIDEND ARISTOCRATS INDEX ETF $43 (Toronto symbol CDZ; Units outstanding: 26.0 million; Market cap: $1.1 billion; Dividend yield: 3.3%; www.blackrock.com/ca) aims to mirror the performance of the S&P/TSX Canadian Dividend Aristocrats Index.

The ETF hold 96 stocks. Its top 10 holdings include South Bow Corp., 2.9%; Telus, 2.9%; Westshore Terminals, 2.5%; Gibson Energy, 2.5%; Enbridge, 2.2%; CR REIT, 2.1%; Canadian Natural Resources, 2.0%; Mullen Group, 2.0%; and Pembina Pipeline, 2.0%.

Energy stocks account for 20% of the fund’s assets, while Financials (17%), Industrials (14%), Utilities (10%), and Real Estate (9%), are other key segments.
Pembina Pipeline has paid regular dividends since it went public in 1997. Moreover, in the past 25 years, it has increased that payment by about 4% annually thanks to steady cash flows from its regulated operations and its long-term shipping contracts.

The company continues to add promising new projects. You can expect that to keep your dividend rising for many years to come.
Long-time readers know that we are constantly reevaluating our picks. Here’s a REIT that faces problems that will weigh on it for the foreseeable future. We now see it as a sell.


DREAM OFFICE REIT, $17.33, is a now a sell. The REIT (Toronto symbol D.UN; TSINetwork Rating: Extra Risk) (www.dream.ca/office; Units o/s: 16.4 million; Market cap: $283.7 million; Dividend yield: 5.8%) owns 26 office properties.
EMERA INC. $73 is a buy. The company (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 295.9 million; Market cap: $21.6 billion; Price-to-sales ratio: 2.5; Dividend yield: 4.0%; TSINetwork Rating: Average; www.emera.com) owns 100% of Nova Scotia Power, that province’s main electricity supplier. It also holds 100% of Teco Energy, which supplies electricity and natural gas to 1.3 million customers in Tampa Bay, Florida. This business accounts for 70% of its earnings. Emera’s other interests include power plants and natural gas pipelines in Canada, the U.S. and the Caribbean.
RIOCAN REAL ESTATE INVESTMENT TRUST $20 is a buy. The REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 292.7 million; Market cap: $5.9 billion; Price-to-sales ratio: 4.1; Distribution yield: 5.8%; TSINetwork Rating: Average; www.riocan.com) owns all or part of 173 shopping centres and other properties across Canada. Its occupancy rate is a high 97.8%.


The REIT continues to convert its properties to grocery-anchored malls, which encourages repeat traffic. In the past two years, it has added grocery stores to 10 of its properties.
For 2026, we selected power provider Fortis as your #1 Income Buy. The key attraction was and is its rate-regulated operations, which provide stable cash flow to support dividends. In fact, the utility expects to lift that payment by 4%-6% annually through 2030.


Beyond dependable income, shareholders should benefit from Fortis’s ongoing investment in generation facilities and transmission infrastructure. These upgrades will help it meet rising electricity demand from new datacentres across Canada and the U.S. Datacentres often require 5 to 30 times more electricity to answer an internet search question with artificial intelligence than to answer it without AI.