2 of the Best Canadian Dividend Aristocrats to Buy and Hold Forever
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Canadian Dividend Aristocrats are among the most reliable investments to consider adding to your portfolio if you’re seeking
TSX boasts some of the highest-quality stocks with stellar records of providing investors with consistently growing dividend payouts each year.
Companies with lengthy dividend growth streaks can generate cash flows in challenging economic conditions and possess solid fundamentals that allow them to finance growing shareholder dividends comfortably.
Investors with a long-term horizon and the discipline to buy and hold stock without giving in to temptations can become much wealthier in the long run, provided they find the right income-generating assets. Today I will discuss two of the best Canadian Dividend Aristocrats that you can consider for this purpose.
Get +10% income growth
Wouldn’t it be nice to earn income that’s growing by at least 10% a year? If you earn $300 of monthly income that’s growing at that rate, it’ll grow to $778 a month in 10 years without any extra investment.
You don’t have to dream about this! The top
TSX stocks have hiked their payouts at a faster rate than that. Some of the TSX stocks that provided the biggest dividend increases in the past year include
goeasy,
Enghouse Systems. Specifically, they last increased their quarterly dividends 47%, 24%, and 19%, respectively.
At writing, they provide yields of approximately 1.8%, 0.8%, and 1.2%, respectively. High-growth stocks such as these don’t tend to have juicy dividend yields, though, but that’s alright, because their tendency to provide high earnings growth often leads to incredible long-term price appreciation and dividend growth.
2 Top Canadian Dividend Aristocrats to Buy and Hold Forever
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Dividend Aristocrats are a rare breed of equity securities. As the year progresses, the economic situation worldwide seems to be improving. However, the rising economic activity could still make way for increased volatility. It would be wise to invest in a portfolio of reliable income-generating assets to protect and grow your capital.
The best Canadian Dividend Aristocrats are a gift that keeps on giving. The longer you remain invested in a Dividend Aristocrat, the more it will pay you through increasing dividend payouts. I will discuss two Canadian Dividend Aristocrats that you could buy and hold forever.