One of the best things of investing in dividend shares is collecting that juicy income. Investors can make comfort, knowing that the right picks can ensure that those dividends are safe and still offer growth.
For those investors who want to ensure that those dividends are safe, there is a look at a number of great options for every portfolio.
A defensive canal is a must
To ensure that dividends are safe, starting with a defensive stock is a smart move. One striking in this area is Fortis (TSX: FTS).
Fortis is a utilities. It is even one of the largest utilities in North America, with 10 operational regions serving Canada, the US and the Caribbean.
These segments offer a reliable income flow that is supported by regulated long -term contracts, which are often in duration for decades. Even better, that reliable income flow enables Fortis to invest in growth initiatives and at the same time pay a generous quarterly dividend.
From the moment of writing, the Fortis dividend pays a respectable yield of 3.5%. Even better, Fortis has increased that dividend for more than 50 consecutive years, making it a powerful signal for investors that those dividends are safe for the future.
Here is another top position for every portfolio
For long -term safety, the large banks of Canada are another strong option to consider. The large banks offer stable results of an adult domestic market, handsome dividend growth and an intriguing path to growth of international markets.
And that large bank stock can be considered at the moment Bank of Nova Scotia (TSX: BNS). Scotiabank is the most international of the big banks, and that focus is an opportunity for investors to look for a huge growth potential in addition to a juicy income.
Scotiabank recently shifted the focus from Latin -America to more adult markets in North America. Yet the growth remains. During the backlog of 12 months, the bank saw a growth of more than 25%.
In terms of income, Scotiabank is striking. From the moment of writing, the bank offers a tasty return of 4.9%, making it the best paying dividends among its large bankers.
Scotiabank also has an established cadence of providing annual revival that dividend, making it a solid option for both new and experienced investors.
Prepare your portfolio
A final option for investors looking at options to ensure that dividends are safe in the longer term Enbridge (TSX: ENB). Enbridge is one of the largest energy infrastructure companies on the continent.
The company is best known for its lucrative pipeline activities, and for a good reason. The pipeline operation, which includes both rough and natural gas, is very defensive. Every day, Enbridge transports huge amounts of both in its huge network and generates cash as a toll road.
Even more impressive is the fact that Enbridge has measured a large project delay in the billions to expand that network.
But that’s not all.
The company also has a growing company for renewable energy and natural gas use. Both are defensive, supported by long -term regulated contracts that generate a reliable, recurring income stream.
That turnover flow feeds growth and supports one of the best dividends on the market.
From the moment of writing, that dividend is a tasty 5.4%. And just like Scotiabank and Fortis, Enbridge continues to offer annual upicks to that dividend.
Enbridge has even collected three consecutive decades of annual increases and is planning to continue that cadence. This not only reinforces the argument “Your dividends are safe”, but also makes Enbridge a top-buy-and-forget favorite.
Your dividends are safe and income is growing.
No stock is risk -free, even the most defensive, but the above trio can offer reliable, recurring income, juicy income and peace of mind in the long term.
One or all the above would do well in a long -term portfolio in the long term.
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