5 Dividend Stocks investing continues to be a reliable strategy for investors seeking a balance of growth and income. In today’s uncertain market, safe dividend payers with solid fundamentals and technical strength provide both steady cash flow and capital appreciation potential. At Bloonser, we help investors identify stocks that not only pay dividends but also demonstrate resilience through earnings, valuation, and market momentum.
Below, we explore five dividend-paying stocks with strong fundamentals, technical indicators, and future prospects. We also include charts, tables, and external references for deeper insights.
Contents
1. Royal Bank of Canada (TSX: RY)
Royal Bank of Canada is the largest bank in Canada with a diversified business model spanning personal banking, wealth management, capital markets, and insurance.
Fundamentals:
- Dividend Yield: 4.2%
- P/E Ratio: 11.8
- Revenue Growth (YoY): 7%
- Payout Ratio: 46%
Technical Outlook: RY has shown steady support at CAD $125 with resistance near CAD $140. The stock trades above its 200-day moving average, indicating long-term strength.
Why it’s attractive: Banks benefit from higher interest spreads in today’s rate environment. RBC’s strong balance sheet makes its dividend one of the safest in Canada.
📊 Chart: RBC price trend with moving averages
2. Enbridge Inc. (TSX: ENB)
Enbridge is North America’s largest energy infrastructure company, owning pipelines, storage, and renewable energy assets.
Fundamentals:
- Dividend Yield: 7.3%
- P/E Ratio: 16.2
- Revenue Growth (YoY): 5%
- Dividend Growth: 28 consecutive years
Technical Outlook: ENB has found strong support around CAD $45 and faces resistance near CAD $52. The RSI indicates the stock is neither overbought nor oversold, suggesting consolidation before an upward move.
Why it’s attractive: Enbridge’s long-term contracts ensure stable cash flows. Its high yield and history of dividend growth make it a core holding for income investors.
📊 Table: Enbridge dividend growth history
3. Fortis Inc. (TSX: FTS)
Fortis is a regulated utility operating in Canada, the U.S., and the Caribbean, providing electricity and natural gas.
Fundamentals:
- Dividend Yield: 4.5%
- P/E Ratio: 18.1
- 10-Year Dividend Growth CAGR: 6%
- Payout Ratio: 72%
Technical Outlook: FTS trades in a stable channel between CAD $52 and CAD $60. Its low beta makes it less volatile compared to the broader market.
Why it’s attractive: Utilities are defensive investments, and Fortis’ regulated assets provide predictable earnings and steady dividend growth.
📊 Chart: Fortis stock vs TSX index performance
4. Canadian National Railway (TSX: CNR)
Canadian National Railway operates one of North America’s largest rail networks, transporting goods essential to the economy.
Fundamentals:
- Dividend Yield: 2.1%
- P/E Ratio: 19.3
- EPS Growth (5-year CAGR): 9%
- Payout Ratio: 40%
Technical Outlook: CNR has been trending upwards with strong institutional support. The stock recently broke resistance at CAD $180 and is testing new highs.
Why it’s attractive: Railroads have high barriers to entry, making CNR a long-term compounder with consistent dividend growth.
📊 Table: CNR EPS vs Dividend per Share growth (5 years)
5. Telus Corporation (TSX: T)
Telus is one of Canada’s leading telecom providers, offering wireless, internet, and healthcare technology services.
Fundamentals:
- Dividend Yield: 5.6%
- P/E Ratio: 20.7
- Revenue Growth (YoY): 8%
- Dividend Growth Streak: 19 years
Technical Outlook: Telus trades in the CAD $22-$27 range. A breakout above $27 could trigger bullish momentum. Its RSI indicates undervaluation compared to historical levels.
Why it’s attractive: Telus’ diversified business, especially in digital healthcare, positions it for growth while maintaining a healthy dividend yield.
📊 Chart: Telus dividend yield trend (10 years)
📌 Comparison Table: 5 Dividend Stocks at a Glance
| Company | Dividend Yield | P/E Ratio | Dividend Growth Streak | Revenue Growth (YoY) | Risk Level |
|---|---|---|---|---|---|
| Royal Bank of Canada (RY) | 4.2% | 11.8 | 12 years | 7% | Low |
| Enbridge (ENB) | 7.3% | 16.2 | 28 years | 5% | Moderate |
| Fortis (FTS) | 4.5% | 18.1 | 50 years | 3% | Very Low |
| Canadian National Railway (CNR) | 2.1% | 19.3 | 26 years | 9% | Low |
| Telus (T) | 5.6% | 20.7 | 19 years | 8% | Moderate |
📈 Recommendations for Investors
- Income Seekers: Enbridge and Telus offer higher yields for steady cash flow.
- Defensive Investors: Fortis and RBC provide safety with consistent dividend growth.
- Growth-Oriented Investors: Canadian National Railway offers lower yield but higher capital appreciation potential.
🔗 Additional Resources
- Bloonser Dividend Investing Guide
- Morningstar Canada Dividend Stocks
- Yahoo Finance: Dividend Stock Screener
✅ Final Thoughts
Dividend investing remains one of the smartest long-term strategies. The five stocks highlighted above balance yield, growth, and safety. Whether you prioritize income or growth, these companies can provide reliable returns in your portfolio.
At Bloonser, we believe in data-driven insights that help retail investors make smart, long-term decisions. These five dividend payers are excellent candidates for any well-diversified Canadian portfolio.
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