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The TSX has several high-quality dividend-paying companies that pay and increase their payouts regardless of the market conditions. This attribute makes these companies a reliable investment for passive-income seekers.
However, I’ll focus here on fundamentally strong companies with high dividend-growth rates. With this backdrop, let’s look at five such Canadian stocks with a high dividend growth history.
goeasy
goeasy (TSX:GSY) consistently generates stellar earnings. Its growing earnings base enables this subprime lender to increase its dividend rapidly. The company was included in the S&P/TSX Canadian Dividend Aristocrats Index in February 2020 as it increased its dividend at a compound annual growth rate (CAGR) of 42% over the prior five years. Since 2020, goeasy’s dividend increased over 113% to $0.96 in 2023.
Notably, on February 14, 2024, goeasy increased the quarterly dividend to…
