1 Reliable Dividend Stock for the Ultimate Retirement Income Stream
1 Reliable Dividend Stock for the Ultimate Retirement Income Stream
Canadian pensioners are searching for ways to get more income to compensate for the steady increase in the cost of living. One popular strategy involves holding top TSX dividend-growth stocks inside a self-directed Tax-Free Savings Account (TFSA).
加拿大養老金領取者正在尋找獲得更多收入的方法,以補償生活成本的穩步增長。一種受歡迎的策略是在自管免稅儲蓄賬戶(TFSA)中持有TSX股息增長的頂級股票。
Benefits of dividend growth
股息增長的好處
Stocks that give investors a raise every year are attractive for helping retirees increase their income. It can be a form of built-in inflation protection for your investments, and top dividend-growth stocks typically deliver long-term capital gains.
每年給投資者加薪的股票對幫助退休人員增加收入具有吸引力。它可以是一種形式 內置通貨膨脹 保護您的投資,股息增長最高的股票通常會帶來長期資本收益。
Fortis
富通
Fortis (TSX:FTS) is a good example of a top TSX dividend-growth stock. The board has increased the dividend annually for 51 consecutive years.
富通(多倫多證券交易所股票代碼:FTS)是多倫多證券交易所頂級股息增長股票的一個很好的例子。董事會已連續51年每年增加股息。
Regular dividend growth not only provides more income but also acts as a support mechanism for the share price during times of market volatility. Over time, the share price tends to drift higher, providing investors with some decent total returns on the investment that can be monetized if the invested funds are required.
定期的股息增長不僅可以提供更多的收入,而且還可以在市場波動時期充當股價的支撐機制。隨着時間的推移,股價往往會走高,這爲投資者提供了一些不錯的投資總回報,如果需要投資資金,這些回報可以貨幣化。
Fortis grows through a combination of strategic acquisitions and development projects. The company hasn't made a major purchase for several years, but that could change as interest rates fall.
富通通過戰略收購和開發項目相結合實現增長。該公司已經有好幾年沒有進行重大收購了,但隨着利率的下降,這種情況可能會改變。
For the moment, Fortis is driving growth through its $26 billion capital program. The investments are expected to raise the rate base from $38.8 billion to $53 billion over five years through 2029. As the new assets are completed and go into commercial service, the company expects cash flow to grow enough to support planned annual dividend increases of 4% to 6%. This is good guidance in an uncertain economic outlook heading into 2025.
目前,富通正在通過其260億美元的資本計劃推動增長。預計這些投資將在到2029年的五年內將基準利率從388億美元提高到530億美元。隨着新資產的竣工並投入商業服務,該公司預計現金流將增長到足以支持計劃中的4%至6%的年度股息增長。在進入2025年的不確定經濟前景中,這是一個很好的指導。
Fortis gets most of its revenue from rate-regulated assets, including power generation, natural gas distribution, and electricity transmission businesses. These generate reliable and predictable cash flow in all economic conditions, so Fortis should be a good stock to own during a recession.
富通的大部分收入來自費率監管資產,包括髮電、天然氣配送和輸電業務。它們在所有經濟條件下都能產生可靠和可預測的現金流,因此在經濟衰退期間,富通應該是一隻不錯的股票。
At the time of writing, FTS stock provides a dividend yield of 4%.
在撰寫本文時,FTS股票的股息收益率爲4%。
Risks
風險
Fortis saw its share price decline from $65 in 2022 to $50 in 2023. The pullback occurred as the Bank of Canada and the U.S. Federal Reserve aggressively raised interest rates. Fortis uses debt to fund part of its capital program. The jump in borrowing costs threatened to eat into cash that could be used to pay distributions.
富通的股價從2022年的65美元下跌至2023年的50美元。回調發生在加拿大銀行和聯儲局積極提高利率之際。富通使用債務爲其部分資本計劃提供資金。借貸成本的上漲有可能吞噬可用於支付分配的現金。
Fortis has recovered most of the losses and currently trades near $61.30 per share. The rebound was driven by the end of rate hikes in the United States and Canada and the rate cuts that occurred over the past several months.
富通已經收復了大部分虧損,目前的交易價格接近每股61.30美元。反彈是由美國和加拿大加息的結束以及過去幾個月的減息推動的。
Inflation in the U.S. is rising again. This could force the central bank to put additional rate cuts on hold. If inflation spikes in 2025, rate hikes could be necessary to get it back under control. In that scenario, Fortis and other utility stocks could face new headwinds.
美國的通貨膨脹再次上升。這可能會迫使央行暫停進一步的減息。如果通貨膨脹在2025年達到峯值,則可能需要加息以使其恢復控制。在這種情況下,富通和其他公用事業股可能面臨新的阻力。
Dividend stocks carry risk. The share price can fall below the purchase price, and dividends can be cut if a company gets into financial trouble. This is unlikely to happen with Fortis, but it is not impossible.
股息股票存在風險。股價可能會跌破收購價格,如果公司陷入財務困境,股息可以削減。富通不太可能發生這種情況,但並非不可能。
The bottom line on top stocks for passive income
被動收入的熱門股票的底線
Fortis pays an attractive dividend that should continue to grow. If you have some cash to put to work in a TFSA focused on passive income, this stock deserves to be on your radar.
富通支付了誘人的股息,該股息應該會繼續增長。如果你有一些現金可以投入到專注於被動收入的免稅儲蓄賬戶,那麼這隻股票值得你關注。