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Hi, Fools. I’m back to highlight three top dividend-growth stocks. As a quick reminder, I do this because businesses with consistently increasing dividend payouts can guard against the harmful effects of inflation by providing a rising income stream ; and tend to outperform the market averages over the long haul. The three stocks below offer an average dividend yield of 4.9%. Thus, if you spread them out evenly in an average $250K RRSP account , the group will provide you with a growing $12,333 annual income stream. And it’s all completely passive. Let’s get to it. Renewed interest Leading things off is renewable energy provider TransAlta Renewables (TSX:RNW) , which has grown its dividend 22% over the past five years. TransAlta’s solid network of 34 renewable power-generation facilities and diversified nature — wind, gas, hydro, solar — should continue to support steady dividend growth for many years to come. In the most recent quarter, adjusted funds from operations increased to $69 million while distributable cash improved by $2 million. “We remain very focused on successfully commissioning our two U.S. wind projects prior to the end of the year,” said President John Kousinioris. “In addition, we are continuing work to […]
