Written by Rajiv Nanjapla at The Motley Fool Canada
Investing in quality dividend stocks is one of the easiest and most convenient ways to safeguard your retirement. Given their solid underlying businesses, stable cash flows, and consistent payouts, these companies are less susceptible to market volatility, making them ideal for risk-averse retirees. Against this backdrop, here are my three top picks.
Fortis
Fortis (TSX:FTS) is an electric and natural gas utility company, with 93% of its assets in the low-risk transmission and distribution business. Supported by its highly regulated, low-risk business, the company has delivered an average total shareholder return of 10.1% for the previous 20 years, outperforming the broader equity markets. Also, the company is a “Dividend King,” which has been raising its dividends for the last 50 years. It currently offers a healthy dividend yield of 4.4%.
Further, Fortis…
