NorthWest Healthcare Properties REIT (TSX:NWH.UN).
These Canadian companies offer high yields and generate resilient cash flows, implying that their yields and future payouts are safe.
Enbridge
Enbridge stock is yielding about 7.6% at the current price levels, which is very safe. Its more than 40 diversified cash flow streams, cost and productivity improvements, and incremental EBITDA from the secured projects are likely to drive its earnings and cash flows and support its higher dividend payments.
It has raised its dividends for 26 years in a row and could continue to hike it further in the future, thanks to the strength in its core business and recovery in mainline volumes. Enbridge projects its DCF (distributable cash flow) per share to increase by 5-7% over the next three years, implying that its dividends could rise at a similar pace.
The Globe and Mail Globe Investor
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