In the event you’re a Canadian investor on the lookout for dividends, I can’t say I blame you. The TSX right this moment nonetheless isn’t performing the most effective. Subsequently, attempting to complement low returns with passive earnings actually makes some sense.

However traders nonetheless need to put money into firms which have not less than some progress forward or some progress behind them. What if I might let you know that you would get each progress and dividends proper now?

Within the case of those three dividend shares, you actually can.

Brookfield Renewable

Brookfield Renewable Companions (TSX:BEP.UN) is up 16% yr up to now as of writing, making it a strong progress inventory in 2023 not less than. That being mentioned, shares are nonetheless down 9% within the final yr, so traders can nonetheless get a deal on this amongst different dividend shares.

As for the dividend it presently sits at a powerful 4.4%, so that you’re actually in a position to usher in some strong dividends and get them at an amazing value whereas shares stay down. But this progress inventory can be a powerful long-term purchase as nicely.

Renewable power continues to develop, with an unimaginable quantity of funding going into the trade, each non-public and publicly. Brookfield inventory has been doing this because the Nineties (although this spinoff is newer). It’s now invested in each sort of renewable power sort all world wide. So, sit up for extra progress and dividends when you wait.

Fairfax

Fairfax Monetary Holdings (TSX:FFH) is one other of the highest selections when it comes to progress and dividends. It’s additionally extremely steady with shares up 41% within the final yr and 20% yr up to now. This comes from a steady progress technique each organically and thru acquisitions that’s been occurring for many years.

Fairfax inventory is pricey, after all, however it might probably afford to be. You get stability for that share value, stability that has been occurring for years now. That is from investing within the casualty and property insurance coverage trade in addition to asset administration.

The excessive value you pay for stability will even usher in a 1.38% dividend yield as of writing, which provides up when shares commerce at $983. Even so, the inventory stays useful whereas buying and selling at 10.3 occasions earnings as of writing.

Nice-West Lifeco

Lastly, Nice-West Lifeco (TSX:GWO) is one other insurance coverage firm — much like Fairfax inventory however with extra inexpensive share value. Nice-West inventory is now up about 14% within the final yr and 22% yr up to now. This comes from steady progress within the insurance coverage and asset administration sector, even with the market as it’s.

Nice-West inventory continues to develop by increasing to new areas in addition to buying extra firms beneath its massive umbrella. It now operates on a world scale, together with North America, Europe, and Asia. But once more, with all this progress, the inventory stays useful.

Shares of Nice-West inventory are actually buying and selling at 14.59 occasions earnings, placing it in worth territory. It additionally provides a 5.4% dividend yield to contemplate. So, that is one other dividend inventory that ought to provide progress out and in of 2023.