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Fool Canada’s first 1,000%+ winner?

Our Chief Investment Advisor, Iain Butler, and a team of The Motley Fool’s most talented investors from across the globe recently embarked on an unprecedented mission:

To identify the 20 Canadian small-cap companies they believe have the best shot at earning investors like you gains of 1,000%+ over the coming years.

For the next few days only, you can get the names and full details on these 20 potential “10-baggers” when you join Iain and his team in a first-of-its-kind project they have dubbed Discovery Canada 2017.

Dividend Seekers: 2 Income Stocks That Won’t Let You Down

Many investors use dividends to supplement gaps in their income. This is especially true among seniors who often find it difficult to makes ends meet as their cost of living rises faster than the increase to their pension checks.

When looking for dividend stocks to provide income, it is important to choose companies with strong track records of paying regular and rising payouts supported by higher earnings.

Here are the reasons why I think income investors should consider Telus Corporation (TSX:T)(NYSE:TU) and Fortis Inc. (TSX:FTS).

Telus

Telus has invested heavily in its strategy to offer the best customer service in the industry, and the effort is paying off.

The company has the lowest mobile churn rate in the sector and regularly earns the most per mobile customer. Apparently, happy customers stick around and spend more money.

Telus is also racking up good numbers on the wireline side of the business. In Q2 2015 the company increased its high-speed Internet subscriptions by 6% and saw a 10% jump in Telus TV customer compared with Q2 2014.

Telus pays an annualized dividend of $1.68 per share that yields 3.8%. The company has raised the distribution 11 times in the past five years, and investors should see the strong trend continue.

Fortis

The electricity generation and natural gas-distribution industries might not be overly exciting, but income investors want reliability, not entertainment.

Fortis operates facilities in the United States, Canada, and the Caribbean. About 93% of the company’s revenue comes from regulated assets, so revenue and earnings tend to be predictable.

Fortis continues to grow. Last year the company spent $4 billion to buy Arizona-based UNS Energy. This year, the company completed a new hydroelectric project in British Columbia. Those assets are already adding revenue.

Management also decided to take advantage of strong market conditions earlier this year to sell off the company’s real estate assets. There’s nothing wrong with locking in gains when times are good.

Fortis recently increased its quarterly dividend to $0.375 per share. The company has raised the payout every year for more than four decades, and the strong performance should continue.

Today, the dividend offers investors a yield of 3.8%

Want more top dividend stocks you can rely on?

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Fool contributor Andrew Walker has no position in any stocks mentioned.

NEW! This Stock Could Be Like Buying Amazon In 1997

For only the 5th time in over 14 years, Motley Fool co-founder David Gardner just issued a Buy Recommendation on this recent Canadian IPO.

Stock Advisor Canada’s Chief Investment Adviser, Iain Butler, also recommended this company back in March – and it’s already up a whopping 57%!

Enter your email address below to find out how you can claim your copy of this brand new report, “Breakthrough IPO Receives Rare Endorsement.”

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