Most Utilities raise their dividends annually, but the growth rates vary dramatically. Most investors hold both Enbridge and TransCanada in their portfolios. Both have increased their payouts 5 times in the last 5 years. Enbridge which has historically traded with a lower current yield than TransCanada has rewarded investors with better dividend growth over the period.
The best dividend grower in the sector has been Fortis with a growth rate of 14% per year.
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