5 Stocks Boasting +10 Years of Dividend Growth for Retirees

Retirees scrambling for stable long-term income should consider Exco Technologies Ltd. (TSX:XTC), Cogeco Inc. (TSX:CGO), and others.

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A report in February of 2017 revealed that one in six Canadians 55 and older had not started saving for retirement. Many more have started but are not close to the amount required that will last into a long and fruitful retirement.

Let’s take a look at five stocks today that provide solid income with dividend growth stretching over a decade.

Exco Technologies Ltd. (TSX:XTC) is a designer, developer, and manufacturer of components for the automotive industry. The stock has fallen 9.9% in 2017 as of close on October 19 and 18% year over year. Automotive manufacturers were hit with some stunning news as the U.S. delegation extended its demands during the fourth round of NAFTA negotiations. U.S. representatives want to increase American content requirements from 62.5% to 85%. In its third-quarter results, Exco reported year-to-date sales of $452.8 million — a 6% increase from 2016.

The stock offers a dividend of $0.08 per share with a 3.3% dividend yield. Exco has delivered 11 straight years of dividend growth.

Cogeco Inc. (TSX:CGO) is a Montreal-based telecommunications and media company. Shares have climbed 46.2% in 2017 and 66% year over year. In its fiscal 2017 third-quarter results, Cogeco saw its revenue increase 4.5% to $25.6 million. Its radio subsidiary Cogeco Media continued to lead the Quebec radio market, and it reported progress in its Atlantic Broadband growth.

Cogeco stock offers a dividend of $0.34 per share, representing a 1.6% dividend yield.

CCL Industries Inc. (TSX:CCL.B) is a global leader in specialty packaging, in particular servicing home & personal care, healthcare & specialty, retail & apparel markets, and others. The stock has climbed 21.2% in 2017 and 30% year over year. The company released its second-quarter results on August 8. Sales climbed 30.5%, which included a 5.7% growth in organic sales growth. Operating income was up 31.6% to $188.3 million.

The stock offers a modest dividend of $0.12 per share with a 0.7% dividend yield. However, the company has delivered 15 years of dividend growth.

Thomson Reuters Corp. (TSX:TRI)(NYSE:TRI) is a multinational mass media company and information firm that was founded in Toronto. Shares of Thomson Reuters have gone up 1.7% in 2017 and 14% year over year. In its second-quarter results, recurring revenues in legal climbed 4%, while gross revenue was up 2% in constant currency. The stock boasts a dividend of $0.44 per share, representing a dividend yield of 2.9%. It has delivered 23 years of dividend growth.

Gluskin Sheff + Associates (TSX:GS) is a Toronto-based wealth management firm. The stock has declined 9.3% in 2017 and has been static year over year. The company posted its fourth-quarter results on September 19. Assets under management were reported at $8.9 billion with a positive net investment performance of $94 million. Net income was up to $5.8 million compared to $3.3 million in Q4 2016.

The stock boasts a dividend of $0.25 per share with an attractive yield of 6.3%. The company has delivered 11 years of dividend growth.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Ambrose O'Callaghan has no position in any stocks mentioned. CCL Industries is a recommendation of Stock Advisor Canada.

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