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Got $5,000? 3 Utility Stocks to Buy and Hold Forever

These three Canadian utility stocks offer steady growth, strong dividends, and long-term wealth. Buy and hold them forever The post Got $5,000? 3 Utility Stocks to Buy and Hold Forever appeared first on The Motley Fool Canada.

The article from MSN Money discusses three utility stocks recommended for long-term investment due to their stability and potential for steady returns. Fortis Inc. is highlighted for its consistent dividend growth, having increased dividends for 50 consecutive years, and its plans for significant capital investment to support future growth. Emera Inc. is praised for its diversified operations across North America and the Caribbean, offering a high dividend yield and a commitment to renewable energy, which positions it well for future regulatory and environmental changes. Lastly, Brookfield Renewable Partners L.P. is noted for its focus on renewable energy, providing a high yield and potential for growth as global demand for clean energy increases. The article suggests that these stocks are ideal for investors looking for reliable income and long-term capital appreciation in the utility sector.

Read the Full MSN Article at:
https://www.msn.com/en-ca/money/savingandinvesting/got-5-000-3-utility-stocks-to-buy-and-hold-forever/ar-AA1yhaaI