The Globe and Mail reports in its Wednesday edition that now is an excellent time for investors to add to their dividend-generating holdings. The Globe's John Heinzl writes that with stock prices down and yields up, every dollar invested will generate more income. To that end, Mr. Heinzl is buying another 12 shares of TransCanada for his model Yield Hog Dividend Growth Portfolio. It now holds 100 TransCanada shares. The utility's stock has tumbled about 15 per cent over the past year and now yields an attractive 5.2 per cent. What makes TransCanada's shares even more appealing is that the company will almost certainly raise its dividend in February, which would mark the 19th consecutive annual increase for the pipeline operator and power producer. As TransCanada reiterated at its investor day in November, the company intends to raise its dividend at an annual rate of 8 to 10 per cent through 2021, and Mr. Heinzl expects to see more increases after that. TransCanada is a relatively a low-risk business. He says that even though the Keystone XL pipeline is still in limbo, TransCanada has another $36-billion in small- and medium-sized commercially secured projects that it expects to advance through 2023.
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