If youâre searching for a great dividend stock to buy in 2018 and hold for decades, Iâve got four that I think you will love. Letâs take a closer look at each, so you can determine if you should invest in one or more of them today.
Rogers Communications Inc. (TSX: RCI.B)(NYSE: RCI)
Rogers is one of Canadaâs largest communications and media companies, and itâs the countryâs largest wireless provider.
Rogers pays a quarterly dividend of $0.48 per share, representing $1.92 per share annually, giving it a 3% yield today. The communications giant has raised its dividend 11 times in the last 13 years, including a streak of 11 straight years from 2005 to 2015, and I think its strong cash flow generating ability will allow it to continue to deliver dividends to its shareholders for decades.
TransAlta Renewables Inc. (TSX: RNW)
TransAlta is one of the largest independent power producers in North America and Australia through its ownership interests in 18 wind facilities, 13 hydroelectric facilities, seven natural gas generation facilities, and one natural gas pipeline.
TransAlta currently pays a monthly dividend of $0.07833 per share, representing $0.94 per share annually, which gives it a 7.1% yield. Foolish investors must note that in addition to its high yield, the power producer offers dividend growth; 2017 marks the fourth straight year in which it has raised its annual dividend payment, and its 6.8% hike in July has it on track for 2018 to mark the fifth straight year with an increase.
Corby Spirit and Wine Ltd. (TSX: CSW.A)
Corby is one of Canadaâs leading marketers and distributors of premium spirits and imported wines with a portfolio of company-owned brands that includes J.P. Wiserâs Canadian whiskies, Lambâs rum, Polar Ice vodka, and McGuinness liqueurs. It also represents leading international brands, such as ABSOLUT vodka, Jameson Irish whiskey, Malibu rum, KahlĂșa liqueur, Mumm Champagne, and Jacobâs Creek wines.
Corby currently pays a quarterly dividend of $0.22 per share, representing $0.88 per share annually, giving it a 4% yield. Foolish investors must also note that fiscal 2017 marked the sixth straight year in which the company had raised its annual dividend payment, and its 4.8% hike last month has it positioned for fiscal 2018 to mark the seventh straight year with an increase.
National Bank of Canada (TSX: NA)
National Bank is Canadaâs sixth-largest bank by assets with about $245.8 billion in total as at October 31. It provides financial products and services to customers in Canada, the United States, Europe, and around the world.
National Bank currently pays a quarterly dividend to $0.60 per share, representing $2.40 per share annually, giving it a 3.85% yield. Fiscal 2017 also marks the seventh straight year in which the company has raised its annual dividend payment, and its recent hikes, including its 3.4% hike earlier this month, has it positioned for fiscal 2018 to mark the eighth straight year with an increase.
