Because the market was rallying quickly over the previous couple of years, many traders had been targeted on discovering higher-risk progress shares that would achieve worth quickly and considerably. Nevertheless, as market situations have deteriorated for the reason that begin of 2022, it’s changing into more and more clear why it’s additionally important to purchase and maintain high-quality dividend shares for the lengthy haul.

Dividend shares, particularly dividend-growth shares, supply quite a few advantages for traders, resembling a gradual earnings stream, which is very necessary for passive-income seekers or these nearing retirement.

As well as, as a result of these shares are properly established, they usually have decrease volatility, which helps to shore up traders’ portfolios in these extremely unsure environments.

As well as, whenever you discover dividend shares that improve their dividends at a powerful price, these corporations may act as a hedge towards inflation.

So, in the event you’re searching for high-quality dividend shares to purchase now and maintain for years, listed here are 4 prime corporations with spectacular dividend progress.

A prime progress inventory paying a powerful dividend to purchase now

One of many first shares to contemplate is goeasy (TSX:GSY), a powerful specialty finance inventory that’s recognized for its super progress over the previous couple of years.

Though the inventory is being impacted within the close to time period by financial headwinds and potential adjustments to its enterprise mannequin after the Canadian authorities launched its finances proposal this week, the inventory nonetheless has unimaginable long-term progress potential.

Subsequently, with the inventory buying and selling so cheaply right this moment, and with its dividend providing a yield of greater than 4.1% as of Thursday’s shut, it seems like one of many prime dividend-growth shares to purchase now.

Not solely has goeasy’s mortgage guide continued to develop quickly in addition to its income and earnings, however it’s additionally been growing its dividend quickly over the previous couple of years.

In truth, in simply the final 5 years, goeasy’s dividend has elevated from $0.90 to $3.84 — a compound annual progress price (CAGR) of 33.67%.

A powerful Canadian retail inventory

One other prime dividend-growth inventory that traders should purchase right this moment is Canadian Tire (TSX:CTC.A), the spectacular retail inventory.

Canadian Tire has additionally seen its share worth impacted over the past 12 months as a result of fears that the market has over how badly its enterprise might be impacted by the recession.

Regardless of these issues, although, the inventory has continued to carry out properly and exceed expectations. Plus, with the inventory buying and selling off its highs, not solely can you purchase it at a reduction, however you may also lock in a dividend yield of roughly 4% right this moment.

And on prime of that spectacular dividend in addition to the capital positive factors potential that Canadian Tire has, its dividend has additionally grown at CAGR of 13.9% over the past 5 years.

The most effective dividend-growth shares to purchase now

Some of the dependable shares that traders can think about is Fortis (TSX:FTS), a defensive utility inventory.

Fortis is without doubt one of the prime dividend-growth shares to purchase now as a consequence of this reliability, but in addition the truth that it has the second-longest dividend-growth streak in Canada, at simply shy of fifty years.

It’s one of many prime shares to purchase for constant passive earnings, and, along with providing a yield of three.9% right this moment, it’s additionally grown its dividend at a CAGR of 5.86% over the past 5 years.

A prime blue-chip inventory

And at last, Nutrien (TSX:NTR), the large blue-chip inventory with a market cap north of $48 billion, is actually the most effective dividend shares to purchase now.

Nutrien is extremely defensive, has a dominant place in its trade, and continually generates tonnes of money move.

Moreover, the inventory achieved Dividend Aristocrat standing as quickly as potential after it elevated its dividend in every of the primary 5 years since its inception after the merger of Agrium and Potash Corp at the beginning of 2018.

So, though the high-quality agriculture inventory provides a yield of simply 2.9% right this moment, a lot of its earnings are being reinvested in rising the enterprise.

Plus, the dividend has grown at a CAGR of 5.8% for the reason that merger, exhibiting why Nutrien is without doubt one of the prime dividend shares in Canada to purchase right this moment and maintain for years to return.