The best Canadian dividend shares are reliable investments that can help build passive income, while your portfolio remains resilient due to market fluctuations. Many leading companies divide dividends and have the financial power to increase their payouts over time. This combination makes them attractive choices for investors who want both income and long -term creation in the long term.
The key is to concentrate on fundamentally strong companies that have a proven history of paying dividends, generating healthy income and have sustainable payouts. TSX shares with these attributes are likely to reward shareholders by paying and growing their dividends over time. These shares therefore offer steadily income that can be reinvested for composite returns or used to cover the daily costs.
With this background here are the top four Canadian dividend shares that I think everyone should possess.
Fortis Stock
Fortis (TSX: FTS) is a reliable dividend share for income -oriented Canadian investors. This leading North -American utilities runs a regulated company that consistently generates predictable and growing cash flow. Thanks to the defensive business model and the steadily increasing cash flow, Fortis have enabled its dividend to be 51 consecutive years. It currently pays $ 0.615 per share quarter, which yields around 3.6%.
Looking ahead, the management of Fortis Dividends wants to grow by 4-6% per year until 2029, supported by a capital plan of $ 26 billion that is expected to expand its interest rate to $ 53 billion. The focus on modernizing infrastructure, energy transition possibilities and the growing demand for electricity under the leadership of data centers will probably stimulate the financial data of Fortis, to support higher dividend payments.
Bank of Montreal Stock
Top Canadian banks are known for investing investors with steady dividends, and Montreal bank (TSX: BMO) stands out for his longest series of dividend payments. The Giant Financial Services has paid dividends for an unparalleled 196 consecutive years. Furthermore, the dividend has grown with a compound annual growth rate (CAGR) of more than 5% in the past 15 years.
BMO continues to expand its loan and deposit base, which will support its future income and dividend payments. Moreover, the various income flows, strong credit performance and improving efficiency are good for growth. It currently offers a yield of 3.7% and maintains a low payment ratio, which is sustainable in the long term. In short, the solid dividend payment history, sustainable payouts and consistent profit growth make it a mandatory income stock.
TC Energy Stock
TC Energy (TSX: TRP) is a reliable dividend stock that everyone should possess. With a 25-year-old track record of annual dividend growth, the company continues to reward shareholders with reliable income. The business model is anchored by regulated and long -term contracts, which are good for around 97% of the income. This structure protects the company at a raw material price and volume education, so that stable cash flows are guaranteed to support its dividend.
Looking ahead, TC Energy is well positioned to take advantage of the increasing demand for natural gas and strength in North America. TC Energy plans to invest $ 6 to $ 7 billion annually in 2025 and 2026 in projects supported by long -term contracts. These investments are expected to stimulate sustainable profit growth, strengthen the balance sheet and support the targeted dividend increases of 3-5% per year. TRP shares currently offers a yield of more than 4.7%.
Enbridge
Enbridge (TSX: ENB) is one of the most reliable dividend shares to buy and keep, thanks to the solid dividend payments and growth history. It has been paying dividends for more than seven decades. Moreover, since 1995 this leader of energy infrastructure has increased its distribution every year.
About 98% of Enbridge income comes from regulated returns or long-term contracts, which protect it against fluctuations in oil and gas prices. The huge North -American pipeline and utility network generate a steady greenhouse, while recent acquisitions of three large American natural gas supplies have further strengthened the profit base.
Today Enbridge offers a quarterly dividend of $ 0.943 per share, which yields 5.7%. Enbridge will continue to reward Enbridge investors with diversified operations, strong income and distributable cash flows and a dedication to stable dividend growth.
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