Bolster Your Portfolio With These 4 Stocks Boasting +20 Years of Dividend Growth

With the TSX at all-time highs, investors may want to secure their portfolios with stocks boasting decades of dividend growth, such as Canadian Utilities Limited (TSX:CU).

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I recently covered several reasons why the month of November could be difficult for the Canadian stock market. Subsequent data released by Statistics Canada showed Canadian GDP dipping in August, reflecting retail sales numbers that also disappointed in the final summer month.

Still, the S&P/TSX is still riding high at over 16,000 points. Investors who are concerned about a cooling or even a correction should take a look at the following dividend-yielding stocks.

Canadian Utilities Limited

Canadian Utilities Limited (TSX:CU) is a Calgary-based utility. The stock has increased 6.8% in 2017 as of close on November 3 and 2% year over year. I have discussed why utilities are a great bet in a low interest rate environment. The company released its third-quarter results on October 26. It posted net earnings of $96 million, which were comparable to the previous year. Adjusting for a retroactive regulator decision earnings were at $103 million.

The stock offered a dividend of $0.36 per share with a dividend yield of 3.7%. The company has delivered 45 consecutive years of dividend growth, the highest of any other Canadian company listed on the TSX.

Canadian National Railway Company

Canadian National Railway Company (TSX:CNR)(NYSE:CNI) is a Montreal-based freight company. Canadian rail stocks have been under pressure from the rising Canadian dollar in 2017, but this is another stock that should benefit from a more dovish central back. In its third-quarter results, CN Rail saw its net income fall to $958 million from $972 million in Q3 2016. Total revenue increased 6.9% to $3.22 billion, while operating expenses jumped 10% to $1.76 billion from the previous year.

The stock offers a dividend of $0.41 per share, representing a 1.6% dividend yield. CN Rail has delivered 21 consecutive years of dividend growth.

Imperial Oil Ltd.

Calgary-based Imperial Oil Ltd. (TSX:IMO)(NYSE:IMO) is the second-largest integrated oil company in Canada. Oil prices rose past the $55 mark in the first few trading days of November. Imperial Oil released its third-quarter results on October 27. It saw its profit drop to $371 million from a year ago, but this was due to a significant sale of its gas retail locations. The stock has climbed 7.6% in a three-month period as rising oil prices have provided a boost.

The stock has a dividend of $0.16 per share with a 1.6% dividend yield. The company has delivered 22 years and counting of dividend growth.

Thomson Reuters Corp.

Thomson Reuters Corp. (TSX:TRI)(NYSE:TRI) is a Toronto-based multinational mass media company. Shares of Thomson Reuters have fallen 3.1% in 2017 and increased 3.8% year over year. The company posted its third-quarter results on November 1. Revenues rose 2% to $2.79 billion year over year, and operating profit jumped 21% to $467 million. Thomson Reuters saw its Tax & Accounting and Financial & Risk segments show the most growth at 6% and 2%, respectively.

The stock offers a dividend of $0.44 per share with a 3.1% dividend yield. Thomson Reuters has delivered 23 consecutive 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. David Gardner owns shares of Canadian National Railway. The Motley Fool owns shares of Canadian National Railway. Canadian National Railway is a recommendation of Stock Advisor Canada.

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