There’s no scarcity of nice dividend shares available on the market. A few of these earnings shares can present a rising supply of dividends for many years. Amongst these nice dividend picks, there are a number of noteworthy choices that traders can double up on proper now.

Right here’s a take a look at three of these nice dividend shares to purchase at present.

This inventory has all of it

You possibly can’t point out a listing of nice dividend shares to purchase and never take into account throwing Enbridge (TSX:ENB) on it. Enbridge is an vitality infrastructure behemoth with its tentacles embedded into a number of areas of the phase.

That features working the most important and most complicated pipeline system on the planet and the most important pure gasoline utility on the continent. Opposite to the stereotype of Enbridge being all about oil and gasoline, the corporate boasts a rising renewable vitality platform.

Not solely do these segments boast important defensive attraction, however additionally they present Enbridge with a recurring (and rising) income stream. That income stream permits Enbridge to proceed investing in development initiatives and pay a quarterly dividend.

As of the time of writing, that dividend boasts an insane 6.14% yield, making it one of many best-paying choices available on the market proper now.

Lengthy-term traders must also notice that Enbridge has supplied annual bumps to that dividend for 3 a long time with out fail. The corporate additionally plans to proceed that cadence, making Enbridge an ideal buy-and-forget choice.

Right here’s an ideal choice for any portfolio

One other nice funding to think about shopping for proper now’s Financial institution of Montreal (TSX:BMO). BMO is considered one of Canada’s massive banks and has been paying dividends to traders longer than anybody else available on the market.

At the moment that yield works out to a tasty 4.62% yield. Which means traders who drop $30,000 into the financial institution inventory can count on to earn an earnings of simply over $1,400. And like Enbridge, BMO has supplied annual will increase to that dividend for years.

The truth is, BMO introduced its newest annual uptick this week. Through the fourth-quarter outcomes name, BMO introduced a $0.04 per share improve, bringing the dividend to $1.59 per share.

Potential traders must also notice that BMO isn’t simply one of many nice dividend shares so as to add to a portfolio. The financial institution additionally boasts some development attraction.

That development is targeted on the U.S. market, the place BMO enjoys an elevated presence in 32 state markets. Lately, that development could be traced again to BMO’s acquisition of U.S.-based Financial institution of the West, which was accomplished final yr.

That deal bolstered BMO’s presence and added hundreds of thousands of latest prospects in addition to billions in deposits to the financial institution.

Stability from a Dividend King

Dividend Kings are investments which have supplied 50 or extra consecutive years of annual will increase. Fortis (TSX:FTS) is likely one of the largest utility shares available on the market, and likewise considered one of simply two Dividend Kings in Canada.

Fortis has supplied annual will increase to that dividend for an unimaginable 51 years and presently presents a decent yield of three.91%. Which means a $30,000 funding in Fortis will generate a first-year earnings simply shy of $1,200.

Remember the fact that traders who aren’t prepared to attract on that earnings can reinvest these dividends, permitting any eventual earnings to develop.

Other than that juicy dividend, one of many explanation why Fortis is likely one of the nice dividend shares to personal is for the secure enterprise mannequin it adheres to. Briefly, the corporate offers utility companies and collects funds for that service.

That compensation is topic to long-term regulatory contracts that may span a long time. This offers Fortis a secure and recurring income from which it might pay out that tasty dividend whereas additionally investing in development.

In different phrases, Fortis isn’t simply one of many nice dividend shares to personal; it’s additionally an excellent buy-and-forget choice for any portfolio.

Nice dividend shares to purchase

Fortis, Enbridge, and BMO all boast tasty dividends, important development prospects and defensive attraction.

In my view, one or all the above shares must be core holdings in any well-diversified portfolio.