Canadian investors are wondering where they can get good dividend growth in a self-directed Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) portfolio. In the current uncertain market conditions, it makes sense to focus on stocks with long histories of raising their distributions through challenging times.
Enbridge
Enbridge (TSX:ENB) trades near $62.50 at the time of writing compared to $64.50 earlier this month. Investors who buy the stock at the current level can get a dividend yield of 6%.
Enbridge completed a US$14 billion acquisition of three natural gas utilities in the United States last year. These assets provide steady and predictable revenue and go well with Enbridge’s existing natural gas transmission network that moves about 20% of the natural gas used in the United States.
Enbridge is working on a $26 billion capital program that is expected to drive growth in…
