Looking to achieve financial freedom through dividend investing? Here are three dividend stocks to consider adding to your portfolio.
1. Fortis Inc. (TSX:FTS)
Fortis is a Canadian utility company that has a long history of providing stable and growing dividends to its shareholders. With a strong track record of increasing its dividend for over 45 years, Fortis is a reliable choice for income investors. The company operates in regulated markets, which provides a consistent and predictable cash flow that supports its dividend payments. With a current dividend yield of around 3.5%, Fortis is a solid choice for investors looking for steady income.
2. Canadian National Railway (TSX:CNR)
Canadian National Railway is one of the largest railway companies in North America and has a strong competitive advantage in the transportation industry. The company has a track record of increasing its dividend and has a current dividend yield of approximately 1.5%. With a diversified business model and a strong presence in key markets, Canadian National Railway is well-positioned to continue growing its dividend over the long term.
3. Enbridge Inc. (TSX:ENB)
Enbridge is a leading energy infrastructure company with a diverse portfolio of assets that generate stable cash flow. The company has a long history of paying dividends and has a current dividend yield of around 6%. Enbridge’s business is supported by long-term contracts and regulated assets, which provide a reliable source of income for its shareholders. With a focus on sustainable growth and a commitment to returning capital to investors, Enbridge is a top choice for dividend investors.
By adding these three dividend stocks to your portfolio, you can take a step closer to achieving financial freedom through the power of passive income. Remember to do your own research and consult with a financial advisor before making any investment decisions.