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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IGM last raised your quarterly dividend by 4.7% with the January 2015 payment. The current annual rate of $2.25 a share yields a high 4.4%.
With the January 2025 payment, Campbell’s raised your quarterly dividend by 5.4%, to $0.39 a share from $0.37. The annual rate of $1.56 yields 4.6%.
The REIT plans to sell its office and retail properties over the next few years. That will let it focus on its more-promising residential properties in Toronto, Vancouver, Montreal and U.S. Sun Belt and Gateway cities (generally, cities that are home to corporate headquarters, and large educational and cultural institutions).
Canoe pays a monthly distribution of $0.10 a unit; the stock yields a high 7.8%. However, the fund’s yield may only be sustainable if stock markets keep rising. Canoe EIT’s portfolio does not pay enough dividend income to cover its distributions to its unitholders, after allowing for management expenses and fees.