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]
Meantime, the company should continue to benefit from strong demand for mobile phone service due to the launch of new smartphones and the expansion of its ultrafast 5G wireless networks....
TRAVEL + LEISURE CO., $40.62, is a buy. The company (New York symbol TNL; TSINetwork Rating: Extra Risk) (www.travelandleisureco.com; Shares outstanding: 72.4 million; Market cap: $2.9 billion; Dividend yield: 4.4%) is now the world’s largest vacation ownership and exchange business....
MOLSON COORS CANADA INC. $82 (www.molsoncoors.com) is still a hold. The beer brewer recently completed the sale of its 57.5% stake in Truss, which makes and sells non-alcoholic, cannabis-infused beverages in Canada, to its partner in the venture, Tilray Brands Inc....
TC ENERGY CORP. $51 is a buy. The company (Toronto symbol TRP; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 1.03 billion; Market cap: $52.5 billion; Price-to-sales ratio: 3.3; Dividend yield: 7.3%; TSINetwork Rating: Above Average; www.tcenergy.com) operates a pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S....
ENBRIDGE, $47.74, is a buy. The firm (Toronto symbol ENB; Shares outstanding: 2.1 billion; Market cap: $102.4 billion; TSINetwork Rating: Above Average; Dividend yield: 7.7%; www.enbridge.com) has agreed to sell its stakes in two joint ventures to its partner Pembina Pipeline.
Specifically, Pembina will acquire an additional 50.0% of the Alliance Pipeline, which pumps natural gas from B.C....
TC ENERGY INC., $53.07, is a buy. The company (Toronto symbol TRP; Shares o/s: 1.0 billion; Market cap: $55.3 billion; TSINetwork Rating: Above Average; Dividend yield: 7.0%; www.tcenergy.com) is making progress with its plan to build a new pumped storage hydro power project near Meaford, Ontario.
The system would pump water (mainly overnight) from Georgian Bay to an elevated reservoir when electrical power demand and prices are low....
Wyndham last raised your quarterly dividend by 9.4% with the March 2023 payment to $0.35 a share from $0.32....
TORONTO-DOMINION BANK $82 is a buy. The lender (Toronto symbol TD; Income-Growth Payer Portfolio; Finance sector; Shares outstanding: 1.8 billion; Market cap: $147.6 billion; Dividend yield: 5.0%; Dividend Sustainability Rating: Highest; www.td.com) is Canada’s second-largest bank by market cap after Royal Bank....