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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We continue to see attractive investment opportunities for our subscribers in top drug stocks—and that includes AbbVie Inc. At the same time, over the years, we’ve found that spinoffs are about as close as you can get to a sure thing in investing. It’s one key reason why we think AbbVie—itself a spinoff—has further gains ahead for investors. We recommend this stock as a Power Buy.
ABBVIE INC., $149.28, is a buy. The company (New York symbol ABBV; TSINetwork Rating: Above Average) (www.abbvie.com; Shares outstanding: 1.8 billion; Market cap: $268.7 billion; Dividend yield: 4.0%) was formed on January 3, 2013, when Abbott Laboratories (symbol ABT on New York) split into two publicly traded companies.
Since its spinoff from Abbott Laboratories, AbbVie has depended heavily on its Humira drug to drive both its sales and earnings....
CANADIAN UTILITIES LTD....
TC ENERGY INC., $45.23, is a buy. The company (Toronto symbol TRP; Shares outstanding: 1.0 billion; Market cap: $46.0 billion; TSINetwork Rating: Above Average; Dividend yield: 8.2%; www.tcenergy.com.) generates steady cash flow for investors mainly through a 93,700-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S....
Allied Properties REIT and RioCan REIT both continue to focus on Canada’s top markets. All in all, each trust remains attractive thanks to its high-quality properties and tenants.
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST, $17.23, is a buy. The REIT (Toronto symbol AP.UN; Units outstanding: 128.0 million; Market cap: $2.2 billion; TSINetwork Rating: Average; Dividend yield: 10.5%; www.alliedreit.com) owns 199 office buildings and 13 properties under development, mainly in major Canadian cities.
With the January 2023 payment, Allied raised your monthly distribution by 2.9%....
Great-West’s latest acquisition, through its Canada Life unit, is Investment Planning Counsel Inc....
Telus has largely completed a multi-year plan to upgrade its wireless and fibre-optic networks. Those improvements are already attracting new customers and lifting the company’s cash flow. Telus has also lowered capital spending, which will free up cash for future dividend hikes.
TELUS, $22.19, is a buy. The stock (Toronto symbol T; Shares outstanding: 1.5 billion; Market cap: $31.3 billion; TSINetwork Rating: Above Average; Dividend yield: 6.6%; www.telus.com) is Canada’s second-largest wireless carrier (after BCE) with 12.53 million subscribers....
CAMPBELL SOUP CO....