As savvy investors know, dividend-paying stocks outperform non-dividend-paying stocks over the long term, and the top performers are those that increase their payments on an annual basis. With this in mind, let’s take a look at three stocks that have increased their annual dividend payments for at least 13 consecutive years that you should consider adding to your portfolio today.
1. Enbridge Inc.: 19 consecutive years of increases
Enbridge Inc. (TSX:ENB)(NYSE:ENB) is one of the world’s largest transporters and distributors of crude oil and natural gas. It pays a quarterly dividend of $0.465 per share, or $1.86 per share annually, giving its stock a 3.2% yield at today’s levels. The company has increased its annual dividend payment for 19 consecutive years, with an average growth rate of 14% over the last 10 years, and it expects to increase it by another 14-16% annually through to 2018.
2. Transcontinental Inc.: 13 consecutive years of increases
Transcontinental Inc. (TSX:TCL.A) is the largest provider of printing services in Canada, with operations in print and digital media, publishing, and flexible packaging. It pays a quarterly dividend of $0.17 per share, or $0.68 per share annually, giving its stock a 4.6% yield at current levels. The company has increased its annual dividend payment for 13 consecutive years, and its 6.3% increase in March puts it on pace for this streak to reach 14 in 2015, and its “solid cash flow position” could allow this streak to continue for 14 more years.
3. Keyera Corp.: 13 consecutive years of increases
Keyera Corp. (TSX:KEY) is one of the largest independent natural gas and natural gas liquids midstream companies in western Canada. It pays a monthly dividend of $0.115 per share, or $1.38 per share annually, giving its stock a 3.4% yield at today’s levels. The company has increased its annual dividend payment for 13 consecutive years, and as long as the price of natural gas recovers over the next few quarters, I think this streak will continue for the next several years.
Is your portfolio missing a dividend-growth stock?
Enbridge, Transcontinental, and Keyera are three of the top dividend-growth stocks in the market today. Foolish investors should strongly consider making one of them a core holding.
