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For income investors, Canadian dividend stocks are a cornerstone of a reliable and growing passive-income stream. A handful of Canada’s top dividend stocks with a long history of paying and increasing their dividends have raised their regular payouts in May 2024. A few more could follow as the current earnings season draws out. Of particular interest are dividend raises at CT Real Estate Investment Trust (TSX:CRT.UN) or CT REIT, the TMX Group (TSX:X), and an expected payout increase from Canadian Western Bank (TSX:CWB) stock later this month.
The Dividend Aristocrats stand out for their commitment to growing dividends and boosting total shareholder returns. Let’s explore how much they raised payouts in May and why you may wish to buy them to make passive income.
CT REIT raises monthly distributions in May
CT REIT is a $1.5 billion Canadian real estate investment trust (REIT) with an ever-growing…
