Canadian Telecom Companies Dividend Dates 2024

Canadian Telecom Companies - Dividend Dates 2024

Investors often favor dividend-paying stocks for steady income, and Canadian telecom companies are notable in this regard. Below are the dividend dates for major Canadian telecom companies for the year 2024, presented in a tabular format for easy reference.

Understanding Dividend Dates

Before we look at the dates, here’s a quick recap of key dividend-related terms:

  • Announcement Date: When the company announces its dividend.
  • Ex-dividend Date: The deadline to own the stock to be eligible for the next dividend.
  • Record Date: The date by which you must be recorded as a shareholder to receive the dividend.
  • Payment Date: The day the dividend is paid out.

2024 Dividend Payment Dates - Canadian Telecom Stocks

BCE Inc. (Bell Canada)

Record DatesPayment Dates
December 15, 2023January 15, 2024
March 14, 2024April 16, 2024
June 13, 2024July 16, 2024
15 September 2024October 16, 2024

Last Dividend Payment: $0.96

Annual Dividend Yield:  7.09%

Dividend Payout:  Quarterly

Telus

Telus is one of the leading telecom players in the Canadian market. 

Record DatesPayment Dates
March 10, 2024April 1, 2024
June 10, 2024July 1, 2024
September 10, 2024October 1, 2024
December 10, 2024January 2 (2025)

Last Dividend Payment: $0.37

Annual Dividend Yield:  6.18%

Dividend Payout:  Quarterly

Rogers Communications

Record Dates Payment Dates
December 7, 2023 January 2, 2024
March 9, 2024 April 2, 2024
June 7, 2024 July 4, 2024
September 8, 2024 October 3, 2024

Last Dividend Payment: $0.50

Annual Dividend Yield:  3.14%

Dividend Payout:  Quarterly

Are you looking for dividend dates for Canadian banks in 2024? We’ve got you covered.

Disclaimer: These tables provide a concise overview of the dividend schedules for 2024. It’s important to note that these dates are based on typical patterns and are subject to change based on each company’s Board of Directors’ decisions. Investors are advised to confirm the dates from official company releases or reliable financial news sources.

Investing in these telecom companies can be a strategic move for those seeking regular dividend income. Platforms like Wealthsimple Trade facilitate easy access to these stocks, catering to both novice and seasoned investors.

How to build a $100 per month dividend portfolio in Canada?

100$/month dividend portfolio

Dividends from stocks are truly passive in nature.

You are doing nothing apart from holding them in your investment portfolio and they pay a share of their profits to you in the form of dividends.

If you are looking to build a dividend portfolio in Canada, you are in the right place.

Let’s look at how much you need to invest to make $100 per month in dividends.

How to find how much dividend a company pays per year?

td dividend yield percentage

In the picture, you should check for ‘Div yield’ in the last row, it is listed as 4.16%

This means that TD Bank pays 4.16% of its current share price as dividends to its shareholders. This is for the whole year.

Most companies pay every quarter and TD will pay 1/4th of 4.16% of its share price as dividends every quarter.

How much do you need to invest to get $100 per month in dividends?

$100 per month means $1200 in total annual dividends.

The question here is how much you need to invest in a company to receive an annual dividend of $1200. A lot depends on the dividend yield percentage of the company/companies you invest in.

It’s simple math.

If 4.16% of your total value of TD stocks amounts to $1200, what is 100% of your total value of TD stocks?

(100/4.16)*1200 = $28,846

So, you will need to invest $28,846 in TD Bank’s stocks to receive a dividend of $1200 per year (equates to $100 per month)

Are you wondering how many shares of TD you will have to own to get such dividends? We’ve got you covered.

Divide $28846/$85.53 (current price of 1 share of TD Bank)

The answer is 337 shares.

Note: The above calculations are based on the current price of TD Bank’s shares. If the price goes up or down, your dividends may go up or down.

Things to consider while buying dividend stocks

  • Don’t go all-in on one dividend paying stock. Always diversify your investments.
  • There are stocks that offer a dividend yield of even more than 10% but high dividend doesn’t always translate to high returns in the long run. There are companies that have a low dividend yield but have grown leaps and bounds in the long term.

e.g.:  Apple pays a dividend yield of just 0.59% but has grown 659% in the last ten years.

Popular Canadian dividend stocks

Stocks

Dividend Yield

Investment required for $1200/year in dividends

Enbridge (ENB)

6.33%

$18957

Manulife (MFC)

5.85%

$20512

Telus Corporation (T)

4.56%

$26315

TD Bank (TD)

4.16%

$28846

CIBC (CM)

5.38%

$22304

The above stocks are just examples and not stock recommendations. When you identify your dividend stocks, use this formula to calculate how much you need to invest to get $1200 per year in dividends.

(100/Dividend Yield %)*1200 = Investment Required

Happy Investing. Start now.