The inventory market has been exhibiting unbelievable energy in the previous few years. In truth, it has risen to heights that many would have agreed could be extremely unlikely only a few years in the past. Given the place we stand right this moment, and this seemingly unstoppable market motion, it’d really feel like it will final ceaselessly. This absolutely appears to be what the market is pricing, not paying any consideration to the true dangers which can be all too current.
But, prefer it or not, planning forward for future vulnerabilities and market dangers is important if we need to shield our wealth from a potential, and in my opinion, more and more seemingly market downturn. With this in thoughts, listed below are the highest three dividend shares to purchase for dependable dividend revenue and relative inventory value stability.
Fortis: A 3.3% dividend yield
As one among North America’s main utility firms, Fortis inc. (TSX:FTS) is in a brilliant spot. The corporate has been benefiting from a rising North American inhabitants, charge will increase, and the steadiness that comes with being a utility enterprise. Regulated charges and the important nature of the enterprise lead to secure and predictable money flows for Fortis.
In my opinion, Fortis is among the high dividend shares in Canada right this moment. The explanations for this are a lot. Firstly, Fortis’ defensive, regulated enterprise is good if we need to put together for potential upcoming market weak point. Secondly, Fortis’ observe report is one which screams long-term shareholder worth creation. We have to look no additional than the corporate’s dividend historical past – 52 years of consecutive dividend will increase, a 4% dividend enhance in 2025, and a projected 4% to six% annual dividend progress charge by to 2023.
Trying forward, Fortis plans to make use of its robust stability sheet as a way to proceed to put money into its community. These investments shall be low-risk in nature and simply achievable. They embody preventative upkeep and progressive practices to scale back prices. Administration expects these efforts to lead to annual charge base progress of seven% over the following 5 years.
Enbridge: A 5.3% yield
My subsequent high dividend inventory that I’d suggest to anybody is Enbridge Inc. (TSX:ENB). Enbridge is an power infrastructure firm with belongings similar to pipelines and fuel storage services, in addition to utility belongings.
Like Fortis, Enbridge can be a defensive enterprise. Its utility enterprise is regulated, and far of its power infrastructure belongings are extremely predictable and low-risk as a result of they’re underpinned by long-term contracts. This has resulted in regular and predictable money flows and earnings for Enbridge. In truth, Enbridge’s dividend has a observe report of 31 consecutive years of dividend progress.
As you may see from Enbridge’s inventory value graph above, the inventory has fared very well over the long run. This stability is a mirrored image of the corporate’s predictable and low-risk enterprise – traits that make Enbridge inventory one of many high Canadian dividend shares.
Northwest Healthcare Properties: A 6.3% yield
Lastly, Northwest Healthcare Properties REIT (TSX:NWH.UN) completes this checklist of my high Canadian dividend shares. Once more, just like Fortis and Enbridge, Northwest Healthcare Properties operates an important and defensive enterprise.
The corporate owns medical properties throughout a diversified checklist of services and areas. As such, Northwest is benefiting from an growing older inhabitants. After a tough few years, Northwest is best positioned right this moment than it has been shortly. In its newest quarter, the corporate posted a 16% enhance in its adjusted funds from operations. This lowered its dividend payout ratio to 85% versus just below 100% in the identical interval final 12 months.
This outcome speaks to the optimistic dynamics which can be enjoying out for Northwest – lengthy, secure leases, excessive occupancy charges, and inflation safety.
The underside line
These three high dividend shares in Canada all have defensive companies that may supply shareholders shelter if and when the market turns bitter. However that’s not all, these shares have carried out effectively underneath any and all market circumstances. Due to this fact, I believe that they’re the shares to lean on as we head deeper into 2026.
