2 Dividend Aristocrats to Hold for the Rest of This Decade

The S&P/TSX Composite Index shed over 150 points to close out the new week on Monday, September 26. That represented the fifth triple digit point loss over the past six trading sessions for the top Canadian stock index. Investors may be scrambling for answers in this harsh environment. Today, I want to zero-in on two dividend aristocrats that can provide some stability in this choppy market. A dividend aristocrat is a stock that has delivered at least five consecutive years of dividend growth.

BCE (TSX:BCE)(NYSE:BCE) is one of the top Canadian telecommunications companies. This telecom stock has dropped 7.5% in 2022 as of close on September 26. That has pushed the stock into negative territory in the year-over-year period.

This company released its second quarter fiscal 2022 results on August 4. It posted operating revenues growth of 2.9% to $5.86 billion. Meanwhile, adjusted EBITDA increased 4.6% to $2.59 billion. Shares of BCE possess a favourable price-to-earnings ratio of 19. It offers a quarterly dividend of $0.92 per share. That represents a tasty 6% yield.

Emera (TSX:EMA) is a Halifax-based utility. Its shares have dropped 6.2% in the year-to-date period. The stock is still up 1.9% year over year.

In Q2 2022, Emera delivered adjusted earnings per share (EPS) growth of 9% to $0.59. This stock is trading in solid value territory with a P/E ratio of 28. Emera offers a quarterly dividend of $0.662 per share, which represents a 4.5% yield.