Dividend stocks are a great way to hedge your portfolio as they provide both steady income and cushion against market risks. Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. As a long term investor, I favour these great dividend-paying stocks that continues to add value to my portfolio.
Fortis Inc. (TSX:FTS) operates as an electric and gas utility company in Canada, the United States, and the Caribbean. National Bank of Canada (TSX:NA) provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. Bank of Montreal (TSX:BMO) provides diversified financial services primarily in North America.
Source: Simply Wall St.
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