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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GREAT-WEST LIFECO INC. $41 is a hold. The insurer (Toronto symbol GWO; Conservative Growth and Income Portfolios, Finance sector; shares outstanding: 930.6 million; Market cap: $38.2 billion; Price-to-sales ratio: 1.5; Dividend yield: 5.4%; TSINetwork Rating: Above Average; www.greatwestlifeco.com) is Canada’s second-largest life insurer, after Manulife Financial....
With their clean, renewable power, these two companies have strong conceptual appeal for investors. But just as important is their mix of hydroelectric, wind and solar power. That diversity, along with their long-term contracts, provides stable cash flows....
PRIMARIS REIT, $13.37, is a buy. The trust (Toronto symbol PMZ.UN; Units outstanding: 96.5 million; Market cap: $1.3 billion; TSINetwork Rating: Average; Yield: 6.3%; www.primarisreit.com) owns 39 enclosed and open air shopping malls in Canada totalling 12.5 million square feet....
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST, $16.92, is a buy. The REIT (Toronto symbol AP.UN; Units outstanding: 128.0 million; Market cap: $2.4 billion; TSINetwork Rating: Average; Dividend yield: 10.6%; www.alliedreit.com) owns 201 office buildings and nine properties under development, mainly in major Canadian cities....
PEMBINA PIPELINE, $48.13, is buy. The company (Toronto symbol PPL; Shares outstanding: 549.5 million; Market cap: $26.4 billion; TSINetwork Rating: Average; Dividend yield: 5.6%; www.pembina.com) is an energy transportation and midstream service provider that has served North America’s energy industry for 70 years....
BANK OF NOVA SCOTIA $68 is a buy. Canada’s fourth-largest bank by market cap (Toronto symbol BNS; Income-Growth Portfolio, Finance sector; Shares outstanding: 1.2 billion; Market cap: $81.6 billion; Dividend yield: 6.2%; Dividend Sustainability Rating: Above Average; www.scotiabank.com) last raised your quarterly dividend by 2.9% with the July 2023 payment, to $1.06 a share from $1.03....
CHEVRON CORP. $155 is a buy. The integrated oil producer (New York symbol CVX; Cyclical-Growth Dividend Payer Portfolio, Resources sector; Shares outstanding: 1.9 billion; Market cap: $294.5 billion; Dividend yield: 4.2%; Dividend Sustainability Rating: Above Average; www.chevron.com) raised your quarterly dividend by 7.9% with the March 2024 payment....