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When it comes to finding the perfect stocks for dividend investors, Canadians have long been going to utility stocks. In fact, for about 50 years or more! That’s because it’s two utility stocks that hold the only spots among the Dividend Aristocrats as Dividend Kings! That means these companies have been increasing their dividends each year for the last 50 years.
And it’s why today we’re going to focus on these utility stocks for Canadian investors. After all, if you’re looking for passive income in 2024, these are the best options. Yet they could be even better, thanks to the potential for large returns as well. So, let’s get right to it.
The best growth option
For those seeking the best option for growth in terms of returns, I would look to Hydro One (TSX:H). Hydro One stock is the baby of the batch, having only been on the market for the last few years. However, it…
