Canadian buyers looking for a dependable supply of passive earnings might think about investing in dividend shares. Whereas not all of the dividend-paying shares are dependable or assure common payouts, some Canadian shares have persistently delivered and even elevated their payouts yr after yr. These are massive, well-established Canadian corporations backed by sturdy fundamentals and a secure earnings base, also known as blue-chip shares.

In opposition to this background, listed here are three blue-chip dividend shares each Canadian ought to personal for dependable and worry-free passive earnings.

Blue-chip dividend inventory #1

Fortis (TSX:FTS) is a beautiful blue-chip dividend inventory each Canadian ought to personal for normal earnings. This utility firm operates a rate-regulated enterprise, producing predictable money flows, no matter market situations. Moreover, it focuses on vitality transmission and distribution, which reduces publicity to dangers related to energy era and fluctuations in commodity costs.

Because of its defensive enterprise mannequin and rising money move, Fortis has persistently paid and elevated its quarterly dividends. Thus far, Fortis has persistently raised its dividend funds for 52 years, making it a compelling dividend inventory to personal for years. At the moment, FTS gives a yield of about 3.5%.

The utility large is well-positioned to maintain growing its dividend within the coming years, backed by its resilient earnings and rising price base. Fortis’s $28.8 billion capital plan will allow the corporate to increase its regulated asset base and strengthen its low-risk earnings. Administration tasks the corporate’s price base to increase at a compound annual progress price (CAGR) of seven% by way of 2030. This can help regular earnings progress and drive a 4% to six% enhance in dividends throughout the identical interval.

Moreover, Fortis is poised to profit from the rising electrical energy demand from knowledge centres, mining, and manufacturing industries, enabling it to ship sturdy progress forward.

Blue-chip dividend inventory #2

TC Vitality (TSX:TRP) is one other blue-chip Canadian dividend inventory to think about now for worry-free passive earnings. The vitality infrastructure firm’s intensive pure fuel pipeline community connects main gas-producing areas to high-demand markets, making certain sturdy and constant system utilization, supporting its money move.

Furthermore, TC Vitality additionally advantages from a diversified energy era portfolio. This balanced vitality combine provides resilience to its enterprise mannequin and positions the corporate to benefit from progress alternatives within the world shift towards cleaner vitality.

Notably, nearly all of TC Vitality’s earnings come from regulated or take-or-pay contracts, insulating it from commodity value swings. The regulated and contractual construction ensures regular money move and provides stability, serving to the corporate to persistently enhance its dividend. TRP has raised its dividend for 25 consecutive years. It at the moment pays $0.85 per share in quarterly dividends, providing a good yield of over 4.8%.

The corporate’s multi-billion-dollar capital tasks will increase its contracted and controlled asset base, supporting greater dividend funds sooner or later. TC Vitality’s administration targets 3-5% annual dividend progress within the coming years. Moreover, the rising world vitality demand, LNG growth, and the shift towards cleaner vitality sources present a stable basis for future progress.

Blue-chip dividend inventory #3

Canadian Pure Assets (TSX:CNQ) is one other prime dividend inventory to personal for the long run. This oil and fuel producer has elevated its dividend for 25 consecutive years. Additional, CNQ’s dividend grew at a CAGR of 21% throughout that interval. It pays a quarterly dividend of $0.588 per share, reflecting a excessive yield of 5.3%.

The corporate’s resilient and rising payouts are pushed by high-quality property and a balanced manufacturing combine that delivers constant money move by way of commodity cycles. Past dividends, CNQ has additionally delivered stable capital beneficial properties. Over the previous 5 years, the inventory has grown at a CAGR of over 39%, delivering general capital beneficial properties of greater than 418%.

Because of its long-life, low-decline reserves, operational self-discipline, and powerful profitability, the corporate will be capable of maintain future payouts. Moreover, CNQ’s portfolio of low-risk, typical tasks which are fast to execute and require minimal capital bodes nicely for progress. Furthermore, Canadian Pure’s huge undeveloped land base gives years of drilling potential, additional strengthening its progress story, enabling it to drive greater payouts.