I’m concerned about investing in sturdy, dependable dividend-paying firms. How do I discover out the historical past of an organization’s dividend funds?

You are able to do one in every of two issues: Get the data instantly from the corporate’s web site, or use a third-party web site resembling Globeinvestor.com.

Let’s take BCE Inc. BCE-T for example, beginning with the way to discover the corporate’s personal information.

First, do an web seek for “BCE investor relations.” Whenever you land on the investor relations web page, click on on “shares and dividends.” Then scroll right down to see a desk of BCE’s most up-to-date and upcoming dividend funds.

Need much more data? By clicking on “view the dividend historical past web page,” you’ll pull up an inventory of BCE’s dividends going again almost 40 years.

Not all firms are as thorough as BCE in relation to presenting historic dividend information. However most perceive how necessary dividends are to their shareholders and publish a minimum of a number of years’ price of data. (Word to firms that don’t publish any historic dividend information in any respect: Please save your shareholders the aggravation and make this data simply accessible in your web site.)

Should you’ve tried an organization’s web site and struck out, you’ll find historic dividend data on most third-party monetary web sites. Globeinvestor.com, for instance, just lately upgraded this characteristic and now consists of greater than a decade’s price of dividend information.

Returning to the BCE instance, enter the inventory image (BCE) within the search field on Globeinvestor.com to view the corporate’s inventory quote. Then, below the share value, click on on “dividends” to disclose all of BCE’s quarterly dividends since 2005, together with declaration, ex-dividend, file and pay dates. Globeinvestor.com additionally offers the annualized five-year dividend progress fee, which in BCE’s case is about 5.1 per cent.

Whether or not you’re utilizing Globeinvestor.com or one other monetary web site, I strongly advocate that you simply double-check all dividend information in opposition to the corporate’s personal numbers to ensure they’re right.

In 2018, I purchased 100 models of Brookfield Infrastructure Companions LP (BIP.UN) at $51.38 on the Canadian aspect of my tax-free financial savings account. As a result of the dividends had been declared in U.S. {dollars}, I later transferred my models to the U.S. aspect of my TFSA to keep away from foreign money conversion prices. Lately, once I checked out my assertion I seen some adjustments: These 100 shares have grow to be 184 (I’m enrolled within the dividend reinvestment plan), the ticker image is now simply BIP, and the present market value was listed at US$38.21. Are you able to clarify?

There are two causes the variety of models in your account has grown. First, since you are enrolled in a dividend reinvestment plan, every time Brookfield Infrastructure has paid a distribution you’ve got acquired further models. Second, Brookfield Infrastructure accomplished a three-for-two unit cut up in June, that means that for each two models you held previous to the cut up you acquired a further unit. Should you held 120 models earlier than the cut up, for instance, you’ll now have 180 models (120 multiplied by 3/2) after the cut up.

This additionally helps to clarify why the unit value is decrease now that whenever you made your authentic funding. It’s necessary to grasp that, when an organization splits its shares – whether or not two-for-one, three-for-two or another ratio – no further worth is created. The market value of the shares merely adjusts to mirror the truth that traders now have extra shares. Within the case of Brookfield Infrastructure, as a result of the variety of shares was multiplied by 3/2, the worth post-split can be about two-thirds of the previous value. (When you have 3/2 as many shares at two-thirds the worth, these numbers primarily cancel one another out and the full worth of your holdings stays the identical.)

However there’s one more reason the present value seems to be decrease than your buy value: The 2 costs are in numerous currencies. You purchased your shares in Canadian {dollars}, however they’re now priced in U.S. {dollars} on the U.S. aspect of your account, so it’s an apples-to-oranges comparability. With the loonie now at about 77 US cents, a inventory that’s buying and selling at, say, $100 in Canadian {dollars} is price about US$77.

Relating to your query about Brookfield Infrastructure Companions’s ticker symbols, the models that commerce on the Toronto Inventory Change below the image BIP.UN are an identical to the models that commerce on the New York Inventory Change below BIP. The one distinction is that BIP.UN is priced in Canadian {dollars}, and BIP is priced in U.S. {dollars}. Whenever you moved your models to the U.S. aspect of your account, solely the image and foreign money modified, not the models themselves.

Equally, Brookfield Infrastructure Corp.’s widespread shares (which, not like the partnership models, are eligible for the Canadian dividend tax credit score) additionally commerce on the TSX and NYSE. However on this case, the ticker image is similar – BIPC – on each exchanges.

E-mail your inquiries to jheinzl@globeandmail.com. I’m not in a position to reply personally to e-mails however I select sure inquiries to reply in my column.

Be sensible along with your cash. Get the most recent investing insights delivered proper to your inbox thrice per week, with the Globe Investor e-newsletter. Enroll at the moment.



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