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Fri, January 31, 2025

3 Blue-Chip Dividend Stocks Every Canadian Should Own


Published on 2025-01-31 09:01:25 - MSN
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  • Sometimes investors think too hard when they could simply pick up these blue-chip stocks. The post 3 Blue-Chip Dividend Stocks Every Canadian Should Own appeared first on The Motley Fool Canada.

The article from MSN Money discusses three blue-chip dividend stocks that are recommended for Canadian investors due to their stability, consistent dividend payouts, and potential for long-term growth. Royal Bank of Canada (RBC) is highlighted for its strong financial performance, diversified operations, and a history of increasing dividends, making it a cornerstone for any dividend-focused portfolio. Enbridge Inc. is praised for its role in the energy sector, particularly in oil and gas transportation, offering a high dividend yield and a track record of dividend growth, despite the volatility in energy prices. Lastly, Canadian National Railway (CNR) is noted for its essential service in freight transportation across North America, providing a robust business model with consistent revenue and a commitment to shareholder returns through dividends. These companies are suggested as foundational investments for Canadians looking to build wealth through dividends, offering both income and potential capital appreciation.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/top-stocks/3-blue-chip-dividend-stocks-every-canadian-should-own/ar-AA1y92pq ]
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