Boost Your Passive Income With These 4 Canadian Dividend Aristocrats

boost your passive income with these 4 canadian dividend aristocrats

Sumary of Boost Your Passive Income With These 4 Canadian Dividend Aristocrats:

  • These companies would have resilient business models and strong cash flows, and they have sailed through several turbulent periods.
  • So, investors can rely on these companies to earn stable passive income.
  • The company operates several low-risk utility assets and rate-regulated renewable power production facilities, delivering stable cash flows.
  • These steady cash flows have allowed it to raise its dividend consistently.
  • Currently, the company pays a quarterly dividend of US$0.1706 per share, with its forward yield standing at 4.42%.
  • Utilities is looking at strengthening its utility and renewable asset base and has planned to spend around $9.4 billion through 2025. Along with these investments, the increased transition towards clean energy could boost the company’s financials, thus allowing it to continue with its dividend growth.
  • TC Energy TC Energy (TSX:TRP)(NYSE:TRP) is a midstream energy company that generates around 95% of its adjusted EBITDA from rate-regulated assets or long-term contracts.
  • So, it delivers stable cash flows, which has allowed it to raise its dividends for 21 consecutive years at a CAGR of over 7%.

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