Many traders dream of sooner or later having their portfolio pay for his or her on a regular basis bills. A technique that traders can obtain that purpose is by investing in dividend shares. By holding these sorts of shares in a portfolio, traders can obtain a recurring (and hopefully rising) revenue. Thankfully, the Canadian inventory market provides numerous very robust dividend shares to traders. On this article, I’ll focus on three TSX dividend shares you can purchase subsequent week.

Begin with this prime dividend inventory

An article protecting an inventory of prime Canadian dividend shares wouldn’t be full with out Fortis (TSX:FTS). As such, I determine it’s greatest to get the plain, and top-of-the-line, select of the best way. For these which are unfamiliar, Fortis gives regulated fuel and electrical utilities to extra then three million prospects throughout Canada, the US, and the Caribbean.

As a result of utility firms are inclined to have very steady companies, no matter what the economic system appears like, its income doesn’t actually fluctuate throughout tough market circumstances. That permits firms like Fortis to plan dividend distributions a lot forward of time. For instance, the corporate has already introduced its plans to boost its dividend at a fee of 4-6% by means of to 2027. Oh, did I point out that this firm already boasts a dividend-growth streak of 49 years? That’s the second-longest energetic dividend-growth streak in Canada.

A really recognizable firm

Canadian Nationwide Railway (TSX:CNR) is the subsequent inventory dividend traders ought to take into account shopping for subsequent week. This firm operates practically 33,000 km of observe. Its rail community spans from British Columbia to Nova Scotia. Due to that broad attain, it’s very arduous for Canadians to keep away from seeing certainly one of its trains occasionally. That recognizability and market dominance ought to be sufficient to entice traders to think about shopping for shares on this firm.

Nonetheless, if it isn’t, then take into account a place due to its robust dividend historical past. With a dividend-growth streak of 26 years, Canadian Nationwide stands among the many elite in that regard. Solely 11 TSX-listed firms presently maintain a dividend-growth streak of 26 years or longer. As well as, Canadian Nationwide’s dividend has grown at a powerful fee over that interval. Since December 1996, Canadian Nationwide’s dividend has grown at a compound annual progress fee of 15.7%.

Have you ever thought-about shopping for this inventory?

Lastly, traders ought to take into account shopping for Alimentation Couche-Tard (TSX:ATD). It is a large firm that I really feel doesn’t get the popularity it deserves. Alimentation Couche-Tard operates comfort shops beneath a number of banners. This contains its flagship Alimentation Couche-Tard and Mac’s areas, but in addition contains Circle Okay, On the Run, and Dairy Mart amongst many others. All thought-about, Alimentation Couche-Tard operates greater than 14,000 areas throughout 24 international locations and territories.

Like the 2 shares listed above it, Alimentation Couche-Tard is a Canadian Dividend Aristocrat. It has managed to boost its dividend for 11 years. With a dividend-payout ratio of 12.7%, I imagine this inventory might proceed to comfortably increase its dividend over the approaching years.