Welcome to the world of dividends, where investments turn into streams of passive income. In the realm of finance, dividends play a crucial role in attracting investors seeking both stability and a reliable source of returns. If you’re an investor in the Canadian stock market, particularly on the Toronto Stock Exchange (TSX), you’re likely interested in knowing when some of the largest companies listed on the TSX will be distributing their dividends.
In this article, we’ll be your dividend calendar guide, providing a comprehensive overview of the dividend distribution schedules for a select group of large-cap companies on the TSX.
Dividend Calendar Canada
February 2024 – Mid and Large caps
| Company | Ex-Dividend Date | Dividend | Type | Payment Date | Yield | |
|---|---|---|---|---|---|---|
| Tuesday, January 30, 2024 | ||||||
| Boardwalk REIT (BEI_u) | Jan 30, 2024 | 0.0975 | Feb 15, 2024 | 1.66% | ||
| Canadian Tire Ltd (CTCa) | Jan 30, 2024 | 1.75 | Mar 01, 2024 | 4.73% | ||
| Primaris Real Estate (PMZ_u) | Jan 30, 2024 | 0.07 | Feb 15, 2024 | 5.96% | ||
| Northland Power (NPI) | Jan 30, 2024 | 0.1 | Feb 15, 2024 | 4.84% | ||
| CT Real Estate (CRT_u) | Jan 30, 2024 | 0.07485 | Feb 15, 2024 | 6.04% | ||
| Riocan REIT (REI_u) | Jan 30, 2024 | 0.09 | Feb 07, 2024 | 5.86% | ||
| First Capital Realty (FCR_u) | Jan 30, 2024 | 0.072 | Feb 15, 2024 | 5.59% | ||
| Canadian Apartment Properties (CAR_u) | Jan 30, 2024 | 0.12084 | Feb 15, 2024 | 3.08% | ||
| Chartwell Retirement Residences (CSH_u) | Jan 30, 2024 | 0.051 | Feb 15, 2024 | 5.23% | ||
| Allied Properties (AP_u) | Jan 30, 2024 | 0.15 | Feb 15, 2024 | 8.75% | ||
| Killam Properties (KMP_u) | Jan 30, 2024 | 0.05833 | Feb 15, 2024 | 3.73% | ||
| Sienna Senior Living (SIA) | Jan 30, 2024 | 0.078 | Feb 15, 2024 | 7.70% | ||
| Tamarack Valley Energy (TVE) | Jan 30, 2024 | 0.0125 | Feb 15, 2024 | 4.69% | ||
| Whitecap Resources (WCP) | Jan 30, 2024 | 0.0608 | Feb 15, 2024 | 8.15% | ||
| Crombie REIT (CRR_u) | Jan 30, 2024 | 0.07417 | Feb 15, 2024 | 6.44% | ||
| Choice Properties REIT (CHP_u) | Jan 30, 2024 | 0.0625 | Feb 15, 2024 | 5.29% | ||
| Peyto Exploration&Develop (PEY) | Jan 30, 2024 | 0.11 | Feb 15, 2024 | 9.98% | ||
| Smart REIT (SRU_u) | Jan 30, 2024 | 0.15417 | Feb 15, 2024 | 7.50% | ||
| Northwest Healthcare (NWH_u) | Jan 30, 2024 | 0.03 | Feb 15, 2024 | 7.24% | ||
| H&R Real Estate (HR_u) | Jan 30, 2024 | 0.05 | Feb 15, 2024 | 6.01% | ||
| Exchange Income (EIF) | Jan 30, 2024 | 0.22 | Feb 15, 2024 | 5.59% | ||
| Freehold Royalties (FRU) | Jan 30, 2024 | 0.09 | Feb 15, 2024 | 7.70% | ||
| Granite REIT (GRT_u) | Jan 30, 2024 | 0.275 | Feb 15, 2024 | 4.49% | ||
| InterRent REIT (IIP_u) | Jan 30, 2024 | 0.0315 | Feb 15, 2024 | 2.79% | ||
| Dream Industrial REIT (DIR_u) | Jan 30, 2024 | 0.05833 | Feb 15, 2024 | 5.15% | ||
| Mullen Group (MTL) | Jan 30, 2024 | 0.06 | Feb 15, 2024 | 4.60% | ||
| Wednesday, January 31, 2024 | ||||||
| Emera Incorporated (EMA) | Jan 31, 2024 | 0.7175 | Feb 15, 2024 | 5.88% | ||
| Canadian Utilities (CU) | Jan 31, 2024 | 0.4531 | Mar 01, 2024 | 5.77% | ||
| Richelieu Hardware (RCH) | Jan 31, 2024 | 0.15 | Feb 15, 2024 | 1.38% | ||
| Thursday, February 1, 2024 | ||||||
| PayPoint (PAYP) | Feb 01, 2024 | 9.5 | Mar 05, 2024 | 7.01% | ||
| SSP (SSPG) | Feb 01, 2024 | 2.5 | Feb 29, 2024 | 1.10% | ||
| Paragon Banking Group (PAGPA) | Feb 01, 2024 | 26.4 | Mar 08, 2024 | 5.25% | ||
| Schroder Oriental (SOI) | Feb 01, 2024 | 2 | Feb 16, 2024 | 4.88% | ||
| Edinburgh Investment (EDIN) | Feb 01, 2024 | 6.7 | Feb 23, 2024 | 3.97% | ||
| IG Group (IGG) | Feb 01, 2024 | 13.56 | Mar 01, 2024 | 6.32% | ||
| Friday, February 2, 2024 | ||||||
| MTY Food (MTY) | Feb 02, 2024 | 0.28 | Feb 15, 2024 | 1.93% | ||
| Wednesday, February 14, 2024 | ||||||
| Enghouse Systems (ENGH) | Feb 14, 2024 | 0.22 | Feb 29, 2024 | 2.35% | ||
| Thursday, February 15, 2024 | ||||||
| Imperial Brands (IMB) | Feb 15, 2024 | 51.82 | Mar 28, 2024 | 7.59% | ||
| Fortis Inc (FTS) | Feb 15, 2024 | 0.59 | Mar 01, 2024 | 4.42% | ||
| Pershing Square (PSHP) | Feb 15, 2024 | 0.1456 | Mar 15, 2024 | 1.25% | ||
| ICG Enterprise (ICGT) | Feb 15, 2024 | 8 | Mar 01, 2024 | 2.70% | ||
| Thursday, February 22, 2024 | ||||||
| Virgin Money UK (VMUK) | Feb 22, 2024 | 2 | Mar 20, 2024 | 3.42% | ||
| EasyJet (EZJ) | Feb 22, 2024 | 4.5 | Mar 22, 2024 | 0.85% | ||
| Endeavour Mining (EDV) | Feb 22, 2024 | 0.41 | Mar 25, 2024 | 4.47% | ||
January 2024 – Large caps
| Compagnie | Ex-Dividend Date | Dividend $ | Payment Date | Rend Div |
|---|---|---|---|---|
| Bank of Nova Scotia (BNS) | Jan 02, 2024 | 1.06 | Jan 29, 2024 | 6.70% |
| Auto Trader Group Plc (AUTOA) | Jan 04, 2024 | 3.2 | Jan 26, 2024 | 1.22% |
| Dollarama (DOL) | Jan 04, 2024 | 0.0708 | Feb 02, 2024 | 0.30% |
| Experian (EXPN) | Jan 04, 2024 | 0.18 | Feb 02, 2024 | – |
| Toronto Dominion Bank (TD) | Jan 09, 2024 | 1.02 | Jan 31, 2024 | 4.79% |
| Ashtead Group (AHT) | Jan 11, 2024 | 0.1575 | Feb 08, 2024 | – |
| Sage (SGE) | Jan 11, 2024 | 12.75 | Feb 09, 2024 | 1.64% |
| SSE (SSE) | Jan 11, 2024 | 20 | Mar 08, 2024 | 4.74% |
| Compass (CPG) | Jan 18, 2024 | 28.1 | Feb 29, 2024 | 2.03% |
| Bank of Montreal (BMO) | Jan 29, 2024 | 1.51 | Feb 27, 2024 | 4.64% |
| Mondi (MNDI) | Jan 29, 2024 | 1.6 | Feb 13, 2024 | – |
| Canadian Tire Ltd (CTCa) | Jan 30, 2024 | 1.75 | Mar 01, 2024 | 5.00% |
December 2023
Company | Ex-Dividend Date | Dividend | Type | Payment date | ||
|---|---|---|---|---|---|---|
| Thursday, December 7, 2023 | ||||||
| Canadian Natural (CNQ) | Dec 07, 2023 | 1 | Jan 05, 2024 | |||
| Thursday, December 14, 2023 | ||||||
| Cenovus Energy Inc (CVE) | Dec 14, 2023 | 0.14 | Dec 29, 2023 | |||
| BCE Inc (BCE) | Dec 14, 2023 | 0.9675 | Jan 15, 2024 | |||
| Thursday, December 28, 2023 | ||||||
| Nutrien (NTR) | Dec 28, 2023 | 0.53 | Jan 12, 2024 | |||
| Canadian Pacific Kansas City (CP) | Dec 28, 2023 | 0.19 | Jan 29, 2024 | |||
November 2023
Company | Ex-Dividend Date | Dividend | Type | Payment date | ||
|---|---|---|---|---|---|---|
| Tuesday, November 7, 2023 | ||||||
| Waste Connections (WCN) | Nov 07, 2023 | 0.285 | Nov 28, 2023 | |||
| Wednesday, November 15, 2023 | ||||||
| Thomson Reuters (TRI) | Nov 15, 2023 | 0.49 | Dec 15, 2023 | |||
| Thursday, November 16, 2023 | ||||||
| Fortis Inc (FTS) | Nov 16, 2023 | 0.59 | Dec 01, 2023 | |||
| Tuesday, November 21, 2023 | ||||||
| Gildan Activewear (GIL) | Nov 21, 2023 | 0.186 | Dec 18, 2023 | |||
| Wednesday, November 29, 2023 | ||||||
| Brookfield Infrastructure Partners (BIP_u) | Nov 29, 2023 | 0.3825 | Dec 29, 2023 | |||
| Thursday, November 30, 2023 | ||||||
| Imperial Oil (IMO) | Nov 30, 2023 | 0.5 | Jan 01, 2024 | |||
| Agnico Eagle Mines (AEM) | Nov 30, 2023 | 0.4 | Dec 15, 2023 | |||
Octobre 2023
Company | Ex-Dividend Date | Dividend | Type | Payment date | ||
|---|---|---|---|---|---|---|
| Thursday, October 5, 2023 | ||||||
| Dollarama (DOL) | Oct 05, 2023 | 0.0708 | Nov 03, 2023 | |||
| Toronto Dominion Bank (TD) | Oct 05, 2023 | 0.96 | Oct 31, 2023 | |||
| Monday, October 23, 2023 | ||||||
| Tourmaline Oil (TOU) | Oct 23, 2023 | 1 | Nov 01, 2023 | |||
| Thursday, October 26, 2023 | ||||||
| Metro Inc. (MRU) | Oct 26, 2023 | 0.3025 | Nov 14, 2023 | |||
| Friday, October 27, 2023 | ||||||
| Bank of Montreal (BMO) | Oct 27, 2023 | 1.47 | Nov 28, 2023 | |||
| Monday, October 30, 2023 | ||||||
| Canadian Apartment Properties (CAR_u) | Oct 30, 2023 | 0.12084 | Nov 15, 2023 | |||
| Canadian Tire Ltd (CTCa) | Oct 30, 2023 | 1.725 | Dec 01, 2023 | |||
| Tuesday, October 31, 2023 | ||||||
| Emera Incorporated (EMA) | Oct 31, 2023 | 0.7175 | Nov 15, 2023 | |||
What’s a Dividend Calendar
A dividend calendar is an essential tool for investors focusing on dividend income. It not only provides a schedule of when dividends are expected but also helps in planning investment strategies and managing cash flows efficiently. Here are some key components and additional advice for investors on how to leverage a dividend calendar effectively:
Key Components of a Dividend Calendar:
Declaration Date: The date on which a company announces its next dividend payment, specifying the dividend amount per share.
Ex-Dividend Date: This is crucial. To receive the declared dividend, you must purchase the stock before this date. Anyone buying the stock on or after the ex-dividend date will not receive the dividend.
Record Date: The company determines its shareholders eligible for the dividend on this date. It’s typically set shortly after the ex-dividend date.
Payment Date: The actual day when the dividend payment is made to the shareholders.
Advice for Investors:
Early Planning: Use the dividend calendar to plan your purchases and sales. Knowing the ex-dividend dates helps ensure you’re holding the stock at the right time to qualify for dividends.
Monitor Regularly: Dividend dates and amounts can change. Regularly checking your dividend calendar helps you stay updated with any adjustments.
Diversify Payment Dates: To ensure a steady income stream, consider investing in stocks or ETFs with staggered dividend payment dates. This strategy can provide more consistent cash flow throughout the year.
Consider Dividend Reinvestment Plans (DRIPs): Many companies offer DRIPs, allowing you to reinvest dividends into additional shares automatically, which can be beneficial for compounding growth over time.
Stay Informed About Market Conditions: Dividend payments can be influenced by economic factors and company performance. Staying informed can help you anticipate changes in dividend policies.
Tax Planning: Be aware of the tax implications of dividend income. In some jurisdictions, dividends are taxed differently than regular income, which can affect your investment strategy.
Use Technology: Leverage investment apps and platforms that offer dividend tracking and alerts. These tools can notify you of upcoming ex-dividend dates, payment dates, and any changes in dividend policies.
Tools to help with planning your Dividend Calendar
For investors looking to manage their dividend income effectively, several tools and platforms can be invaluable in tracking dividend payments, schedules, and related information. Here are some popular tools that can assist investors in staying on top of their dividend investments:
Brokerage Account Platforms: Many online brokerages provide integrated tools for tracking your investments, including dividend schedules. These platforms often offer personalized dividend calendars based on your portfolio, alerting you to upcoming dividend payments.
Investment Tracking Apps: Apps like Seeking Alpha, Dividend.com, and The Motley Fool offer features for dividend tracking, including calendars, alerts, and analysis on dividend-paying stocks.
Financial News Websites: Websites such as Bloomberg, Yahoo Finance, and MarketWatch provide extensive financial data, including dividend declarations, ex-dividend dates, and payment dates, along with tools to create personalized watchlists.
Personal Finance Software: Software like Quicken and Personal Capital allows you to manage all your financial accounts in one place, including investments. They can track dividends and help with overall financial planning.
Dividend Tracker Apps: Dedicated dividend tracker apps, such as Dividend Tracker and DRIP: Dividend Reinvestment Plan Tracker, are specifically designed to monitor dividend payments and schedules, helping investors plan their investment strategies around dividend income.
Spreadsheets: For those who prefer a more hands-on approach, custom spreadsheets created in Excel or Google Sheets can be powerful tools for tracking dividends, especially when combined with financial data APIs or manual updates.