Dividend cycles

Dividend paying companies mostly pay dividends quarterly, although some pay monthly. Over the course of a year, there are three dividend cycles that occur. Companies that make their quarterly dividend payments in:
* January, April, July and October
* February, May, August and November
* March, June, September and December.
Investors might use this information to structure their dividend income cash flow throughout the year. 
The dividend cycles below are included for the convenience of investors, and are not meant as a recommendation. Also, some companies may switch from one month to another if the final day of one month or the first day of the next lies on a weekend or holiday.
The stock sector descriptions vary from source to source; those used are generally taken from the descriptions in iShares Core S&P/TSX Capped Composite Index ETF (XIC)Blackrock, iShares Core S&P/TSX Capped Composite Index ETF | XIC, viewed January 8, 2016. and are sometimes different from the sector descriptions used at the stock quotation source, the Toronto Stock Exchange. There are eleven sectors defined in the Global Industry Classification Standard (GICS) system. Global Industry Classification Standard (GICS) - MSCI, viewed October 29, 2018.
===Cycle 1: dividends paid in January, April, July, and October (JAJO)===
:
Company 	Stock Symbol	Sector 	Dividend currency
Ag Growth International 	 	Industrials 	CAD
AGF Management Ltd. 	 	Financials 	CAD
Algonquin Power 	 	Utilities 	USD
ARC Resources 	 	Energy 	CAD
Bank of Nova Scotia 	 	Financials 	CAD
BCE 	 	Communication Services	CAD
Boyd Group Services 	 	Industrials 	CAD
Canadian Natural Resources 	 	Energy 	CAD
Canadian Pacific Railway 	 	Industrials 	CAD
Capital Power 	 	Utilities 	CAD
Canadian Imperial Bank Of Commerce (CIBC)	 	Financials 	CAD
Empire 	 	Consumer Staples 	CAD
George Weston 	 	Consumer Staples 	CAD
Gildan Activewear 	 	Consumer Discretionary	USD
IGM Financial 	 	Financials 	CAD
Imperial Oil 	 	Energy 	CADShareholders may choose to have their dividends paid in U.S. funds.Source: About Imperial Oil - Dividend & tax information, viewed December 3, 2014.
North West Company 	 	Consumer Staples 	CAD
Nutrien 	 	Materials 	USD
Rogers Communications 	 	Communication Services	CAD
Stantec 	 	Industrials 	CAD
Stella Jones 	 	Industrials 	CAD
Sun Life 	 	Financials 	CAD
TC Energy 	 	Energy 	CAD
TD Bank 	 	Financials 	CAD
Teck Resources 	 	Materials 	CAD
Telus 	 	Communication Services	CAD
TransAlta 	 	Utilities 	CAD
Yamana Gold 	 	Materials 	CAD
===Cycle 2: dividends paid in February, May, August, and November (FMAN)===
:
Company 	Stock Symbol	Sector 	Dividend currency
Bank of Montreal 	 	Financials 	CAD
Emera 	 	Utilities 	CAD
Laurentian Bank 	 	Financials 	CAD
National Bank 	 	Financials 	CAD
Richelieu Hardware	 	Consumer Cyclical	CAD
Royal Bank 	 	Financials 	CAD
===Cycle 3: dividends paid in March, June, September, and December (MJSD)===
:
Company 	Stock Symbol	Sector 	Dividend currency
Agnico-Eagle Mines 	 	Materials 	CAD
Alimentation Couche-Tard 	 	Consumer Staples 	CAD
AltaGas 	 	Energy 	CAD
Atco Ltd. 	 	Utilities 	CAD
Barrick Gold 	 	Materials 	USDShareholders with an address in Canada will be paid in CAD; shareholders with an address in Australia will be paid in AUD; all other shareholders will be paid in USD. Dividend payments paid in CAD or AUD are converted from USD at the noon rate of exchange of the Bank of Canada on the record date for the relevant dividend payment.Source: Barrick Gold Corporation - Investors - Share Price & Dividend, viewed December 3, 2014.
Brookfield Corporation 	 	Financials 	
Brookfield Infrastructure L.P.	 	Utilities 	
Brookfield Renewable L.P. 	 	Utilities 	
Calian Group 	 	Information Technology	CAD
Canadian Utilities 	 	Utilities 	CAD
Canadian National Railways 	 	Industrials 	CAD
Canadian Tire Corp 	 	Consumer Discretionary	CAD
Cenovus Energy 	 	Energy 	CAD
Corby Spirit and Wine 	 	Consumer Discretionary	CAD
Corus Entertainment 	 	Consumer Discretionary	CAD
Dollarama 	 	Consumer Discretionary	CAD
Enbridge 	 	Energy 	CAD
Enerplus 	 	Energy 	CAD
Fortis 	 	Utilities 	CAD
Great West Lifeco 	 	Financials 	CAD
Hydro One Limited 	 	Utilities 	CAD
Industrial Alliance 	 	Financials 	CAD
Loblaw Companies 	 	Consumer Staples 	CAD
Manulife 	 	Financials 	CAD
Magna 	 	Consumer Discretionary	USD
Metro 	 	Consumer Staples 	CAD
Pembina Pipeline 	 	Energy 	CAD
Power Corp. 	 	Financials 	CAD
Saputo 	 	Consumer Staples 	CAD
SNC-Lavalin Group 	 	Industrials 	CAD
Suncor Energy 	 	Energy 	CAD
Thomson Reuters 	 	Consumer Discretionary	USD
Wheaton Precious Metals 	 	Materials 	USD
===Monthly dividends===
:
Company 	Stock Symbol	Sector 	Dividend currency
Boardwalk REIT 	 	Financials 	CAD
H&R REIT 	 	Financials 	CAD
RioCan REIT 	 	Financials 	CAD
Shaw Communications	 	Communication Services	CAD
===Semi-annual dividends===
:
Company 	Stock Symbol	Sector 	Dividend currency
First Quantum Minerals	 	Materials	CAD
===Annual dividends===
:
Company	Stock Symbol	Sector	Dividend currency
Cameco 	 	Energy	CAD
===Dividend currency notes===
==Brokers and currency conversion==
Most Canadian discount brokers now offer Canadian dollar and US dollar sub-accounts. When holding a USD paying dividend paying stock in a CAD denominated account, there is no consistent method of handling the USD-CAD conversion and the imbedded foreign exchange charge that results., viewed January 12, 2016. Your first step should be to understand how your broker handles the conversion and at what, if any, cost of conversion exist for stocks that pay their dividends in USD., viewed January 12, 2016. One method to eliminate the currency conversion cost is to hold stocks paying dividends in USD in the US dollar sub-account.
==See also==
*Common shares
*Bonds
*Preferred shares
*Dividend reinvestment plan
==References==
==Further reading==
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==External links==
*"Shakespeare's Primer", Dividend Cycles for Canadian Companies
*S&P/TSX Composite Dividend Index (CAD) - S&P Dow Jones Indices, the index includes all stocks in the S&P/TSX Composite with positive annual dividend yields as of the latest rebalancing of the S&P/TSX Composite.
*TMX Money now offers a dividend calendar (requires signup).
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Category:Equities
Category:Annual updates