Written by Jitendra Parashar at The Motley Fool Canada
If you’re looking to multiply your hard-earned savings and earn reliable passive income at the same time, investing in Canadian dividend stocks could be a great option. Large-cap stocks with strong, robust business models and stable cash flows try to reward their investors with regular dividends. Moreover, most of them have a strong financial position that can withstand economic downturns and market volatility, which could help protect your invested capital in the long run.
In this article, I’ll talk about three such safe Canadian dividend stocks you can buy and hold forever.
Enbridge stock
Enbridge (TSX:ENB) is arguably one of the most reliable and resilient energy infrastructure companies in Canada. Interestingly, it has rewarded investors with dividends for nearly seven decades and raised dividends for 29 years. ENB currently has a market cap of $102.8…
