Investing in the right Canadian dividend shares can be set up for considerable long -term growth. When choosing dividend shares for the long term, it is important to identify those who have the type of solid underlying companies that can support payments to shareholders. Fortunately, the TSX has no shortage High -quality dividend supplies In which you can invest for various financial goals.
Today we will look at three dividend shares that find their way to most investment portfolios.
Telus
Telus Corp. (TSX: T) is one of the three largest telcos in Canada, good for about a third of the market share. The telecom provider of $ 33.80 billion market cap has a defense company and offers internet, wireless, television and regular telephone services in Alberta and British Columbia. It also has a small wire line presence in Quebec.
The entire series on subscription -based services that it offers throughout the country combines with its growing segment of digital services to set it up for a stronger future. It has reliable income flows with which the company can regularly pay for every three -month payouts to its investors.
Telus shares currently acts for $ 22.02 per share and has a dividend yield of 7.56%.
Enbridge
Enbridge Inc. (TSX: ENB) is another favorite for dividend -seeking investors. The diversified energy company Possesses and operates an extensive network of MidStream assets that transport hydrocarbons in North America. It also has one of the largest utilities in the region under his belt, along with a growing portfolio of renewable energy assets.
The traditional energy activities of the company have enabled it to pay shareholders and increase the payments for more than 30 years. The natural gas segment offers predictable and stable cash flows to compensate for the impact of volatile raw material prices, and the portfolio of renewable energy is committed to more growth in a greener future for the energy industry.
Enbridge shares are currently being traded for $ 67.58 per share and has a dividend yield of 5.58%.
Bank of Nova Scotia
Bank of Nova Scotia (TSX: BNS) is one of the big six banks of Canada and another favorite for dividend -oriented investors. Although it may not be the largest Canadian bank in terms of market capitalization, the shares of $ 109.46 billion market capitalization have the largest international presence among close colleagues. The recent expansion of more North -American markets and the reduction of its Latin -American activities will probably introduce more stability in the coming years.
The international presence of the company offers fantastic growth potential for Scotiabank, giving it more opportunities to invest in growth. In turn, it can generate the type of cash flows to continue to finance its high -productive dividends to shareholders.
Scotiabank -shares are currently being traded for $ 88.16 per share and has a dividend yield of 4.99%.
Fool
It is important to remember that even the best dividend shares are not immune to risks. Given their reliable track records, business models and broad economic canals, they can, however, offer considerable returns due to dividends. A hypothetical $ 100,000 can look like this:
| Ticker | Recent price | Total investment | Number of shares | Dividend per share per year | Total annual payment |
| T | $ 22.02 | $ 30,000 | 1,362 | $ 1.66 | $ 2,260.92 |
| Take on | $ 67.58 | $ 35,000 | 517 | $ 3.77 | $ 1,949.09 |
| BNS | $ 88.16 | $ 35,000 | 397 | $ 4.40 | $ 1,746.80 |
| Total annual payment | $ 5,956.81 |
A hypothetical $ 100,000 that is invested in these three shares can return almost $ 6,000 a year and seeing annual bumps with dividend rises. Although you always have to diversify in different companies, the example paints a better picture of how $ 100,000 can get great returns for your self -driven portfolio.
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