Written by Adam Othman at The Motley Fool Canada
Dividend investing is one of the best strategies Canadians can use to create a passive-income stream. When using this strategy, investors should look beyond high-yielding dividends. To ensure a successful passive-income stream in your self-directed portfolio, you must identify dividend stocks with reliable track records and fundamentally strong underlying businesses that can fund growing dividends.
The top Canadian utility stocks have become mainstays in many income-generating investment portfolios. To this end, Canadian Utilities (TSX:CU) is a top choice for many investors. The Canadian Dividend Aristocrat has increased its payouts over the last 50 years without fail. Due to the necessary nature of their services, these companies generate stable cash flows even during volatile market conditions.
The stocks of utility companies have gained a reputation for being…
