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Wed, December 11, 2024

1 Reliable Dividend Stock for the Ultimate Retirement Income Stream


Published on 2024-12-11 21:21:16 - The Motley Fool Canada
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  • Stocks that give investors a raise every year are attractive for helping retirees increase their income. It can be a form of built-in inflation protection for your investments, and top dividend-growth stocks typically deliver long-term capital gains.

The article from Fool.ca discusses the merits of investing in Fortis Inc. (TSX:FTS) as a reliable dividend stock for retirement income. Fortis, a utility company with operations across Canada, the U.S., and the Caribbean, is highlighted for its stable earnings due to the essential nature of its services, which ensures consistent cash flows. The company has a long-standing tradition of dividend payments, having increased its dividends for 50 consecutive years, making it a Dividend Aristocrat. This stability and growth in dividends are attributed to Fortis's regulated business model, which allows for predictable revenue and earnings. The article suggests that Fortis's commitment to a $25 billion capital plan through 2028 will support future dividend increases, making it an attractive option for investors seeking a dependable income stream in retirement.

Read the Full The Motley Fool Canada Article at:
[ https://www.fool.ca/2024/12/11/1-reliable-dividend-stock-for-the-ultimate-retirement-income-stream-2/ ]
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