Written by Sneha Nahata at The Motley Fool Canada
Dividend stocks help investors to earn regular passive income. Moreover, the reinvestment of the same significantly enhances the overall returns in the long term. However, dividend payouts are not guaranteed. Thus, not all dividend-paying stocks are worth investing in.
Fortunately, the TSX has several high-quality stocks that have paid and increased dividends for years. These Canadian dividend stocks are supported by companies with solid fundamentals and relatively resilient business models. Moreover, these corporations have a growing earnings base and well-covered payout ratios. Further, the management of these enterprises has shown a solid commitment to enhancing their shareholders’ value, regardless of economic situation. These attributes make them a perfect bet to earn worry-free dividends.
With this background, here are three Canadian stocks that can…
