Incorporated in 1927, Canadian Utilities (TSX:CU) and its subsidiaries are involved in the generation and distribution of electricity, natural gas, and other retail energy. This company’s business branches to major countries like Canada, the U.S., and Australia.
Canadian Utilities is a popular name among Canadian blue-chip stocks due to its proven capability of providing consistent passive income.
If you are planning a long-term investment, take a look at analysts’ expectations from CU for upcoming years.
Strong track record of dividend increases
Canadian Utilities is the first company in the Canadian stock market to receive the title of Dividend King owing to its excellent track record of dividend increase for 51 consecutive years.
This resource giant has an impressive quarterly dividend yield of 5.7% per year. This strong dividend yield is driven by impressive earnings per share growth…
