< Back to all clusters
[BUSINESS] · Canada, Australia · 2 sources

started · updated

Dividend stocks in Canada and Australia offer passive income potential

Various companies in Canada and Australia are being highlighted for their reliable dividend payouts and potential for passive income.

In Canada, Canadian Natural Resources (TSX: CNQ) is noted for its resilience as the country's largest energy producer. The company has increased its dividend for 26 consecutive years, maintaining a 20% compounded annual growth rate.

In Australia, several ASX-listed entities show strong dividend histories. Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) has increased its annual ordinary dividend every year since 1998. Medibank Private Ltd (ASX: MPL) is identified as a defensive option due to the essential nature of healthcare, with a projected grossed-up dividend yield of 6.7% including franking credits for FY27. Additionally, Rural Funds Group (ASX: RFF), a real estate investment trust managing farmland across Australia, is cited as a potential source of passive income.

Entities

Canadian Natural Resources · Medibank Private Ltd · Rural Funds Group · Washington H. Soul Pattinson and Co. Ltd