Written by Christopher Liew, CFA at The Motley Fool Canada
Dividend investing is a widely used strategy due to several benefits. Dividends cushion or compensate for price drops during a declining market or elevated volatility. It also offers the opportunity to create passive income to augment active or regular income. More importantly, reinvesting dividends results in compounding returns over time and long-term investment growth.
Canadians are fortunate because they can choose from several dividend powerhouses on the TSX. ATCO (TSX:ACO.X), Exchange Income (TSX:EIF), and Dream Industrial (TSX:DIR.UN) are the top options if you want to enhance your investment portfolio.
Safe and reliable
ATCO is a safe choice not only for its 4.25% dividend yield but also for the utility stock’s 29-year dividend-growth streak. This Dividend Aristocrat trades at $45.78 per share, up 22.76% year to date. Through its subsidiaries,…
