Written by Puja Tayal at The Motley Fool Canada
The stock market is highly volatile. A stock that made you a millionaire in a rally can suddenly put you in the red if you miss selling it at the peak. In this unpredictable and volatile market, are you looking for a go-to stock you can bank on in good and bad times? A stock that you can invest in anytime whenever you have money without thinking twice. Such stocks are dividend aristocrats. Although they don’t give growth, they surely help you earn decent dividends to keep you afloat. One such no-brainer dividend stock is Canadian Utilities (TSX:CU).
Why is Canadian Utilities a no-brainer dividend stock?
If you are looking for capital appreciation, short-term growth or long-term wealth creation, Canadian Utilities is not for you. In fact, the stock price has dipped 21% in the last 10 years. However, this stock is good at one thing, and that is…
