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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RESTAURANT BRANDS INTERNATIONAL INC. $109 is a buy for aggressive investors. The fast-food operator (Toronto symbol QSR, High-Growth Dividend Payer Portfolio; Consumer sector; Shares outstanding: 452.0 million; Market cap: $49.3 billion; Dividend yield: 2.9%; Dividend Sustainability Rating: Above Average; www.rbi.com) will raise your quarterly dividend by 5.5% with the April 2024 payment, to $0.58 U.S....
ALTAGAS LTD....
H&R REAL ESTATE INVESTMENT TRUST $9.01 is a buy. The REIT (Toronto symbol HR.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 261.9 million; Market cap: $2.4 billion; Distribution yield: 6.7%; Dividend Sustainability Rating: Average; www.hr-reit.com) owns 387 residential, industrial, office and some retail properties in Canada and the U.S....
We’re always disappointed when our recommendations cut their dividends, such as Innergex and Dream Office REIT. However, both of those stocks moved up on the news, as the lower payouts will give the companies room to keep improving their businesses. Even though their yields remain high, their payouts are now much more sustainable
INNERGEX RENEWABLE ENERGY INC....
The ETF holds 91 stocks....
Studies show that spun-off stocks, and the companies that spin them off, tend to do better on average than comparable companies not involved in spinoffs.
What’s more TC promises that the combined dividend of the two firms will be no less than its annual dividend rate just prior to the split....
We see both Wajax and Calian rising even higher given their prospects and in-demand services. Meanwhile, they offer sustainable yields for investors. Both are buys.
WAJAX CORP., $31.57, is a buy. The company (Toronto symbol WJX; TSINetwork Rating: Extra Risk) (www.wajax.ca; Shares outstanding: 21.5 million; Market cap: $682.1 million; Dividend yield: 4.4%) sells and services cranes, forklifts and other heavy equipment....
FORTIS INC....
Regardless, we feel Telus’s long history of rising dividends makes it a strong pick for income-seeking investors....