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
With its focus on Canada’s relatively mature market, insurance provider Intact Financial tends to use acquisitions to fuel its growth. That’s riskier than increasing revenue through existing businesses.
However, the company has a long history of successfully integrating these new operations and improving their performance. Thanks to that track record, Intact continues to reward its shareholders: Note, your annual dividend rate has risen every year for the past 21 years.
However, the company has a long history of successfully integrating these new operations and improving their performance. Thanks to that track record, Intact continues to reward its shareholders: Note, your annual dividend rate has risen every year for the past 21 years.
Russel Metals is gaining from higher U.S. demand for steel due to reshoring and new manufacturing output. Further, the Trump administration’s focus on energy independence is benefiting the company’s energy field stores segment with sales of drill pipes and so on. The stock is near its recent all-time high, but this Power Buy is poised to move even higher for you.
RUSSEL METALS, $47.43, is a Power Buy. The company (Toronto symbol RUS; TSINetwork Rating: Extra Risk) (russelmetals.com; Shares o/s: 55.1 million; Market cap: $2.6 billion; Dividend yield: 3.6%) is one of North America’s largest metal distribution companies, with a growing focus on value-added processing.
Russel Metals carries out business through three segments: metals service centres, energy field stores, and steel distributors.
RUSSEL METALS, $47.43, is a Power Buy. The company (Toronto symbol RUS; TSINetwork Rating: Extra Risk) (russelmetals.com; Shares o/s: 55.1 million; Market cap: $2.6 billion; Dividend yield: 3.6%) is one of North America’s largest metal distribution companies, with a growing focus on value-added processing.
Russel Metals carries out business through three segments: metals service centres, energy field stores, and steel distributors.
Shares of Enbridge dipped recently amid fears that rising crude shipments from Venezuela to U.S. Gulf Coast refineries would reduce volumes of Canadian oil moving through its pipelines. However, those refineries are operating below capacity, leaving ample room for additional supply from both countries. Meanwhile, Enbridge’s slate of expansion projects continues to boost its cash flow and dividend.
ENBRIDGE INC. $73 is a buy. The company (Toronto symbol ENB; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 2.2 billion; Market cap: $160.6 billion; Price-to-sales ratio: 2.5; Dividend yield: 5.3%; TSINetwork Rating: Above Average; www.enbridge.com) operates pipelines that pump oil and natural gas from Western Canada eastward as well as to the U.S. Its network transports 30% of the crude oil produced in North America, and 20% of the natural gas consumed in the U.S. The company also distributes gas to 7.1 million customers in Ontario and Quebec, and five U.S. states.
ENBRIDGE INC. $73 is a buy. The company (Toronto symbol ENB; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 2.2 billion; Market cap: $160.6 billion; Price-to-sales ratio: 2.5; Dividend yield: 5.3%; TSINetwork Rating: Above Average; www.enbridge.com) operates pipelines that pump oil and natural gas from Western Canada eastward as well as to the U.S. Its network transports 30% of the crude oil produced in North America, and 20% of the natural gas consumed in the U.S. The company also distributes gas to 7.1 million customers in Ontario and Quebec, and five U.S. states.
ANDREW PELLER LTD. (class A) remains a buy for long-term gains and income. The company (Toronto symbols ADW.A $5.23 and ADW.B $6.98; Income Portfolio, Consumer sector; Shares outstanding: 43.3 million; Market cap: $242.1 million; Price-to-sales ratio: 0.5; Dividend yield: 4.7%; www.andrewpeller.com) is Canada’s second-largest wine producer after Arterra Wines.
So far, the new U.S. tariffs have had little impact on Peller’s earnings. At the same time, the company continues to benefit from the “Buy Canadian” trend and the increased availability of its products in Ontario supermarkets and big-box stores. It also continues to lower its costs.
So far, the new U.S. tariffs have had little impact on Peller’s earnings. At the same time, the company continues to benefit from the “Buy Canadian” trend and the increased availability of its products in Ontario supermarkets and big-box stores. It also continues to lower its costs.
SOUTH BOW CORP. $45 is a hold. The company (Toronto symbol SOBO; Conservative Growth and Income Portfolios, Utilities sector; Shares o/s: 208.3 million; Market cap: $9.4 billion; Price-to-sales ratio: 3.2; Dividend yield: 6.0%; TSINetwork Rating: Average; www.southbow.com) took its current form on October 1, 2024, when TC Energy Corp. (Toronto symbol TRP) spun it off. Investors received 0.2 of a South Bow share for every TC share they held. This new company operates a 4,900-kilometre pipeline network that pumps crude oil from Alberta to refineries in Illinois, Oklahoma and the U.S. Gulf Coast.
Higher volumes on its main Keystone pipeline helped lift South Bow’s revenue in the quarter ended December 31, 2025, by 9.1%, to $503 million from $461 million a year earlier (all amounts except share price and market cap in U.S. dollars). Earnings before unusual items also gained 29.8%, to $0.61 a share from $0.47.
Higher volumes on its main Keystone pipeline helped lift South Bow’s revenue in the quarter ended December 31, 2025, by 9.1%, to $503 million from $461 million a year earlier (all amounts except share price and market cap in U.S. dollars). Earnings before unusual items also gained 29.8%, to $0.61 a share from $0.47.
Below are two stocks that now get most of their revenue from long-term contracts. That steady revenue provides solid support for their high yields.
BROOKFIELD RENEWABLE PARTNERS L.P., $41.55, is a buy. The partnership (Toronto symbol BEP.UN; Units outstanding: 657.9 million; Market cap: $27.3 billion; TSINetwork Rating: Average; Dividend yield: 5.2%; www.bep.brookfield.com) owns about 235 hydroelectric generating stations, 263 wind farms, 323 solar facilities, and 7,552 distributed generation and energy storage sites.
BROOKFIELD RENEWABLE PARTNERS L.P., $41.55, is a buy. The partnership (Toronto symbol BEP.UN; Units outstanding: 657.9 million; Market cap: $27.3 billion; TSINetwork Rating: Average; Dividend yield: 5.2%; www.bep.brookfield.com) owns about 235 hydroelectric generating stations, 263 wind farms, 323 solar facilities, and 7,552 distributed generation and energy storage sites.
RIOCAN REAL ESTATE INVESTMENT TRUST, $19.74, is a buy. The REIT (Toronto symbol REI.UN; Units outstanding: 293.7 million; Market cap: $5.7 billion; TSINetwork Rating: Average; Dividend yield: 5.9%; www.riocan.com) owns all or part of 173 shopping centres and other properties across Canada, including eight under development. Its occupancy rate is a high 97.8%. The REIT has terminated the lease for the Toys R Us store at its Lawrence Allen Centre in Toronto after that chain filed for creditor protection. RioCan wants the courts to force the retailer to pay it about $4 million in unpaid rent and other claims. The trust also holds stakes in malls with Toys R Us stores in Orleans, Ontario, and Calgary.
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST, $9.32, is now a hold. The REIT’s (Toronto symbol AP.UN; Units o/s: 128.0 million; Market cap: $1.8 billion; TSINetwork Rating: Average; Yield: 7.7%; www.alliedreit.com) debt was $4.68 billion as of December 31, 2025. That’s a high 360% of its market cap. To conserve cash for debt repayments, Allied cut your monthly distribution with the January 2026 payment by 60.0%, to $0.06 a unit from $0.15. The new annual rate of $0.72 a unit yields a high 7.7%.
Until recently, higher interest rates increased demand for bonds and hurt demand for REITs. Now, with rates falling, Choice Properties—Loblaw’s biggest landlord—is especially attractive to income investors. Better still, you can expect the REIT’s units to move even higher.
CHOICE PROPERTIES REIT, $15.86, is a buy. Canada’s biggest REIT (Toronto symbol CHP.UN; Units o/s: 723.8 million; Market cap: $11.5 billion; TSINetwork Rating: Average; Dividend yield: 4.9%; www.choicereit.ca) owns 699 properties, for a total of 68.5 million square feet of retail, industrial, mixed-use and residential space. Investors also benefit from its high 98.2% occupancy rate. George Weston owns 61.7% of the trust. Loblaw is the principal tenant at 59.4% of its leasable area.
CHOICE PROPERTIES REIT, $15.86, is a buy. Canada’s biggest REIT (Toronto symbol CHP.UN; Units o/s: 723.8 million; Market cap: $11.5 billion; TSINetwork Rating: Average; Dividend yield: 4.9%; www.choicereit.ca) owns 699 properties, for a total of 68.5 million square feet of retail, industrial, mixed-use and residential space. Investors also benefit from its high 98.2% occupancy rate. George Weston owns 61.7% of the trust. Loblaw is the principal tenant at 59.4% of its leasable area.
NEWELL BRANDS INC. $4.56 (www.newell.com) remains a hold. The company makes a wide range of consumer and household products such as PaperMate pens, Elmer’s glue, Rubbermaid food containers, and Graco baby strollers. Newell increased its selling prices to offset higher tariff-related costs. Even so, its revenue in the quarter ended December 31, 2025, declined 2.7%, to $1.90 billion from $1.95 billion a year earlier. Savings from a restructuring plan increased earnings by 12.5%, to $0.18 a share from $0.16. The $0.28 annual dividend rate still looks secure, and yields a high 6.1%. Newell Brands remains a hold.