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.
[text_ad]
RUSSEL METALS INC. $37 is a buy. The company (Toronto symbol RUS; Cyclical-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 58.7 million; Market cap: $2.2 billion; Dividend yield: 4.5%; Dividend Sustainability Rating: Above Average; www.russelmetals.com) is a leading metals distributor in North America, with more than 30,000 end customers.
With the June 2024 payment, Russel raised your quarterly dividend by 5.0%, to $0.42 a share from $0.40....
MICROSOFT CORP....
NORTH WEST COMPANY $45 is a buy. This retailer (Toronto symbol NWC; High-Growth Payer Portfolio, Consumer sector; Shares outstanding: 47.6 million; Market cap: $2.1 billion; Dividend yield: 3.5%; Dividend Sustainability Rating: Above Average; www.northwest.ca) sells food and everyday products and services at 227 stores, mainly in northern communities across Canada, as well as in Alaska, the South Pacific and the Caribbean.
With the October 2023 payment, North West raised your quarterly dividend by 2.6%....
With the March 2024 payment, Brookfield raised the quarterly distribution by 5.2%....
ALGONQUIN POWER & UTILITIES CORP....
The TD Series 1 Preferred yields 3.8%. That’s lower than the 5.1% offered by the bank’s common shares.
Note, though, that preferred shares behave more like long-term fixed-income instruments than they do short-term instruments....
We expect the stock will keep rising in the next few years, thanks to Walmart’s strong attention to efficiency....
WAJAX CORP., $24.38, is a buy. The company (Toronto symbol WJX; TSINetwork Rating: Extra Risk) (www.wajax.ca; Shares outstanding: 21.7 million; Market cap: $526.0 million; Dividend yield: 5.7%) sells and services cranes, forklifts and other heavy equipment....
FORTIS INC....