Canadian Dividend Stocks to Buy and Mostly Forget
There are quite a few dividend payers in Canada, but the ones that provide steady dividend increases and those companies that have been paying dividends for generations is a rather short list. In that spirit, here are some Canadian stocks most dividend investors could potentially buy and forget* given they’ve paid steady dividends and tend to increase them routinely:
- Bank of Montreal (BMO) – paid dividends since 1829.
- Bank of Nova Scotia (BNS) – paid dividends since 1832.
- TD (TD) – paid dividends since 1857.
- CIBC (CM) – paid dividends since 1868.
- Royal Bank (RY) – paid dividends since 1870.
- Bell Canada Enterprises (BCE) – paid dividends since 1880 (formal records date back to 1949).
- Imperial Oil (IMO) – paid dividends since 1947.
- Canadian Utilities (CU) – paid dividends since 1950.
- Enbridge (ENB) – paid dividends since 1953.
- Fortis (FTS) – paid dividends since 1949 (increased for 40+ consecutive years!).
Here are some other selected Canadian companies that are on their way to becoming long-term dividend studs:
- National Bank (NA) – paid dividends since 1980.
- TransCanada Corporation (TRP) – paid dividends “since the early 90s” as per their Investor Relations team.
- Emera (EMA) – paid dividends since 1992.
- RioCan REIT (REI.UN) – paid dividends since 1994.
- Canadian National Railway (CNR) – paid dividends since 1996.
- Telus (T) – paid dividends since 1999.
- *And many more…
*I am not advocating you simply buy and forget what you buy or that you buy individual stocks in general. I am however stating based on the shareholder-friendly histories of these companies, if you’re going to invest in some Canadian stocks that have paid dividends for decades, in some cases generations, this might be a starting point for further research. Invest wisely.
Thanks to all the Investor Relations teams that kindly responded to my email requests for this information above.
What other Canadian stocks have paid dividends for at least 15+ years and tend to increase them every year?