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2 Dividends Stocks Due to Double up on Right Now


Published on 2024-12-17 17:01:09 - MSN
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  • These two dividend stocks are some of the best options for a strong outlook, but even more for a cheap price. The post 2 Dividends Stocks Due to Double up on Right Now appeared first on The Motley Fool Canada.

The article from MSN Money discusses two dividend stocks that are recommended for investment due to their potential for growth and stability. The first stock highlighted is Enbridge Inc. (TSX:ENB), a major player in the energy infrastructure sector, known for its consistent dividend increases over the past 28 years. Despite a slight dip in its stock price, Enbridge's diversified business model, including natural gas utilities and renewable energy, positions it well for future growth, especially with its significant capital investment plans. The second stock is Canadian Utilities Limited (TSX:CU), which has a remarkable record of 51 consecutive years of dividend increases, making it a Dividend King. The company's focus on regulated utilities and energy infrastructure, along with its expansion into renewable energy, underpins its stability and growth potential. Both companies are seen as safe bets for investors looking for reliable income through dividends, with potential for capital appreciation as well.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/top-stocks/2-dividends-stocks-due-to-double-up-on-right-now/ar-AA1w2EA2 ]