Business & Investment

Three Canadian Dividend Aristocrats to Buy in 2022

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Dividend stock It is very commonly purchased by investors as a way to build a passive source of income. When looking for dividend stocks to include in your portfolio, it’s a good idea to start looking at the list of Canadian dividend aristocrats. This is a list of companies that have paid dividends for at least five consecutive years. This article describes three dividend aristocrats that investors should buy in 2022.

This recession-resistant company should be at the top of your list

One quality that investors tend to appreciate about dividend stocks is the low volatility of dividend stocks during periods of economic uncertainty. But investors can do better and invest in dividend companies that are recognized as a recession-resistant business. These are companies that are not known to lose demand during a recession.A perfect example of this Fortis (TSX: FTS)(NYSE: FTS).. No matter what happens to the economy, we continue to need electricity every day.

Few dividend stocks are as impressive as Fortis. It holds a continuous 47-year dividend growth.It gives it the second longest active dividend growth streak TSX.. The next longest dividend growth has been shorter than 10 and a half years. In order for a company to continue to increase dividends for nearly 50 years, its management needs to be world-class. When the COVID-19 pandemic began, many dividend stocks saw dividend cuts or suspensions. Fortis will always be my best dividend stock.

The third largest railroad company in North America

Currently, there is no way to transport large quantities of goods over long distances, even if they are not by rail. This means that the railroad industry will continue to be trusted for the foreseeable future. In Canada, two companies are duopoly in the rail industry. Of these two companies, I think Canadians will work either way.However, for the purposes of this article, I will focus Canadian National Railway (TSX: CNR)(NYSE: CNI)..

Canada’s largest railway company in terms of track volume and profits. Currently, the Canadian National Railway’s rail network spans approximately 33,000 kilometers. It extends south from British Columbia to Nova Scotia and then to Louisiana. The Canadian National’s revenue is actually so impressive that it ranks as the third largest company in North America on this metric. The Canadian National Railway’s forward dividend yield is not surprising (1.57%). However, with 25 years of dividend growth and a low dividend rate (36.5%), there is no doubt that dividends will continue to grow over the next few years.

Telus (TSX: T)(NYSE: TU) Much more interesting than people understand. Best known for its large telephone coverage in Canada. In fact, it provides telephone users with the largest coverage area of ​​all telecommunications providers. Currently, Telus’ coverage area reaches 99% of Canada’s population. However, there are other aspects of the business that can drive growth over the next decade. It is the Telus Health business segment. Through Telus Health, the company has various experts Personal health product.

Currently, Telus has a dividend growth rate of 17 years. It is one of Canada’s longest and most active dividend growth sources in the top 20. Investors should also be pleased to know that Telus shares offer a very attractive 4.44% futures dividend yield. This is one of the dividend stocks that income investors really should consider.

Three Canadian Dividend Aristocrats to Buy in 2022 Three Canadian Dividend Aristocrats to Buy in 2022

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