Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Stock Market»Dividend Fortunes: 2 Canadian Stocks Leading the Way to Retirement
    Stock Market

    Dividend Fortunes: 2 Canadian Stocks Leading the Way to Retirement

    January 20, 20253 Mins Read


    Investors looking for stocks for long-term financial goals like retirement and creating a dividend fortune should focus on fundamentally strong ones that generate a steady and growing income stream over time. These stocks will likely deliver steady dividends regardless of market conditions. With this background, here are two Canadian dividend stocks with promising growth potential, ideal for a financially secure retirement.

    Dividend stock #1

    Enbridge (TSX:ENB) is a must-have Canadian stock for creating a dividend fortune. This energy infrastructure company’s highly diversified business model, resilient earnings, and growing distributable cash flow (DCF) support its dividend payments and growth. Moreover, its payout ratio of 60-70% of DCF is sustainable in the long term, making it a reliable bet.

    Thanks to its growing DCF per share, Enbridge has uninterruptedly increased its dividend for three decades. Moreover, this Dividend Aristocrat currently offers a high yield of 5.9%.

    The company’s robust pipeline network connects key supply and demand regions, maintaining high utilization rates and driving predictable earnings and cash flow. Supported by long-term contracts, power-purchase agreements, and regulated tolling frameworks, Enbridge generates a stable, low-risk cash flow stream immune to commodity price fluctuations. This stability enables it to enhance shareholder returns consistently.

    Looking ahead, Enbridge anticipates its earnings and DCF to grow at a compound annual growth rate (CAGR) of 3% in the long term. Moreover, Enbridge’s dividend is projected to increase in line with the DCF per share.

    Enbridge’s high asset utilization rate, secured growth projects, and strategic acquisitions, including three U.S. gas utilities, are expected to expand its earnings base and support its DCF. Meanwhile, its renewable energy segment positions it well to capitalize on energy demand and benefit from the ongoing shift towards cleaner energy.

    Overall, with its diversified assets, growing cash flow, strong balance sheet, and strategic acquisitions, Enbridge will likely enhance its shareholder value through higher dividend payments.

    Dividend stock #2

    Fortis (TSX:FTS) is another top stock to build a dividend fortune. The leading Canadian utility company is known for its resilient payouts, growing dividend, and well-protected yield. Further, the company offers visibility over future dividend growth, making it a compelling investment to generate worry-free and predictable income.

    Fortis derives 99% of its earnings from regulated utilities. These assets add stability to its business and enable it to offer reliable payouts. Thanks to its rate-regulated asset base, Fortis generates predictable earnings and cash flows, allowing the company to maintain and grow its dividend regardless of market conditions. Additionally, 93% of Fortis’s operations are focused on energy transmission and distribution, a low-risk segment known for generating stable returns in all economic situations.

    Fortis projects its rate base to grow at a CAGR of 6.5% through 2029. This expansion is expected to fuel annual dividend increases of 4-6%. Besides consistently raising its dividend, Fortis stock offers a well-protected dividend yield of about 4%.

    In summary, Fortis’s resilient business model, growing rate base, consistent dividend growth, and commitment to enhance shareholder value make it a compelling investment for anyone looking to build a secure income portfolio.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    3 Highly-Rated Dividend Stocks You’ve Probably Never Heard Of (But Should)

    Stock Market

    Le président d’Ecofin Global Utilities annoncé son départ lors de la prochaine assemblée générale

    Stock Market

    United Utilities Group PLC : RBC Capital Markets de acheteur à neutre sur le titre

    Stock Market

    une boutique Voi va ouvrir au Havre

    Stock Market

    10 Best Dividend Stocks for a Bear Market

    Stock Market

    RBC dégrade United Utilities à “performance sectorielle” en raison d’un potentiel limité

    Stock Market
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    OFUYC Accelerates Participation in New EU Digital Asset Regulation, Focuses on Harmonization of Regulation and Technology Innovation

    Commodities

    BW Energy s’apprête à relancer sa plateforme de production au large des côtes

    Precious Metal

    Galileo Mining begins drilling at Callisto North with PGEs and nickel/copper in sights

    Editors Picks

    221 M€ ! Le Real Madrid vers un mercato record ?

    June 9, 2025

    Sun Silver Limited nomme Andrew Dornan au poste de directeur général -Le 16 février 2025 à 22:24

    February 16, 2025

    Gold price backs off record high, but analysts remain bullish

    October 23, 2024

    8 Tips For Preparing Your First Real Estate Agent Business Plan

    October 22, 2024
    What's Hot

    Meet the New Agricultural Advisory Committee

    October 20, 2024

    Vacant retail/commercial property in Hatboro on the market for $475K

    August 26, 2024

    Features – RONNIE GALLETTI Is Secure With NASTY SAVAGE’s Legacy As The Band That Helped Launch Floridian Death Metal

    October 29, 2024
    Our Picks

    UK property market set to rebound amid mortgage rate drop expectations

    August 23, 2024

    TriMet Earns Top Credit Ratings Once Again: A Sign of Financial Strength and Stability in TriMet’s ability to repay the Senior Lien Payroll Tax Revenue bonds

    October 21, 2024

    Britain’s Property Powerhouse Falters As Young Buyers Bolt North

    June 3, 2025
    Weekly Top

    Gold Cup | Jesse Marsch minimise la dernière procédure disciplinaire de la CONCACAF

    June 20, 2025

    Le président d’Ecofin Global Utilities annoncé son départ lors de la prochaine assemblée générale

    June 20, 2025

    Regal Investments Commits $30 Million to Cryptocurrency Prop Trading Initiative

    June 20, 2025
    Editor's Pick

    Citizens Utility Board urges public comment on utility rate increase

    October 14, 2024

    Paper Money replaced Gold. Will Digital Currencies replace it? – Creed Capital Crypto News

    February 28, 2025

    Robust Growth in Precious Metal Accounts Market (2024-2031):

    July 17, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.