Owning a portfolio of reliable dividend-growth stocks is the best way to build wealth over the long term while maintaining a relatively low level of risk. With this in mind, let’s take a look at two that you could buy today.
TransCanada Corporation – Calgary, Alberta
TransCanada Corporation (TSX:TRP)(NYSE:TRP) is one of North America’s leading operators and developers of energy infrastructure, including natural gas pipelines, oil pipelines, natural gas storage facilities, and power plants.
TransCanada pays a quarterly dividend of $0.625 per share, or $2.50 per share on an annualized basis, which gives it a yield of about 4%. It has raised its annual dividend payment for 16 consecutive years, and its 10.6% increase on February 16 has it set up for 2017 to mark 17 straight years. Investors must also note that the company has an active dividend-growth program that calls for annual growth of 8-10% through 2020.
Emera Inc. – Halifax, Nova Scotia
Emera Inc. (TSX:EMA) is a geographically diverse energy and services company. Its subsidiaries include Tampa Electric, Emera Energy, Nova Scotia Power, and New Mexico Gas.
Emera pays a quarterly dividend of $0.5225 per share, or $2.09 per share annually, which gives it a yield of approximately 4.3%. It has raised its annual dividend payment for 10 consecutive years, and its 10% increase in July 2016 has it set up for 2017 to mark 11 consecutive years. Investors must also note that that the company has an active dividend-growth program that calls for annual growth of 8% through 2020.
