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Source: Getty Images <\/p>\n Source: Getty Images <\/p>\n
Written by Kay Ng<\/a> at The Motley Fool Canada<\/p>\n Building a reliable stream of passive income doesn\u2019t happen by accident \u2014 it comes from owning high-quality businesses that steadily grow their payouts year after year. Fortunately, the Canadian market offers a basket of dividend growers that combine resilience with long-term income expansion. The key is to buy these companies at reasonable valuations and patiently add to positions during market pullbacks.<\/p>\n Below are three Canadian dividend stocks that not only pay dependable income today but are also positioned to keep increasing those payouts well into the future.<\/p>\n Fortis (TSX:FTS<\/a>) is one of the most dependable dividend-growth stories in Canada. With more than 50 consecutive years of dividend increases, it has proven its ability to reward shareholders across multiple economic cycles.<\/p>\n The company\u2019s regulated utility model \u2014 providing essential electricity and gas services \u2014 ensures it makes predictable earnings regardless of market conditions. That stability is exactly what income-focused investors should prioritize. At roughly a 3.3% yield, Fortis may not be the highest yielder, but its targeted annual dividend growth of 4\u20136% through 2030 makes it a reliable compounding machine. When combined with steady earnings, investors can reasonably expect solid long-term total returns of more or less 8% with relatively low volatility.<\/p>\n Empire (TSX:EMP.A<\/a>) offers another compelling path to rising passive income. As the parent company of well-known grocery banners like Sobeys, Safeway, and FreshCo, Empire operates in a sector that remains resilient even during economic downturns.<\/p>\n This defensive positioning translates into consistent earnings and dependable dividend growth. The company has increased its dividend for roughly 30 consecutive years with a 20-year dividend growth rate of 8.2%. While its current yield of about 1.9% may seem modest, the real appeal lies in its low payout ratio and steady earnings growth expectation, which provide ample room for continued increases.<\/p>\n For patient investors, Empire represents an opportunity to accumulate shares during market dips and benefit from a steadily rising income stream backed by essential consumer demand.<\/p>\n Canadian National Railway (TSX:CNR<\/a>) is a cornerstone of North America\u2019s transportation infrastructure \u2014 and a standout dividend grower. With approximately 30 consecutive years of dividend increases, it has consistently delivered for long-term investors.<\/p>\n Story Continues <\/p>\n Its vast rail network connects key regions across Canada and the United States, transporting critical goods ranging from grain to automotive products. This economic importance gives CN Rail a durable competitive advantage and strong pricing power.<\/p>\n Currently yielding around 2.4%, the stock combines moderate income with solid growth potential. Its five-year dividend growth rate of over 9% highlights its ability to steadily boost payouts, making it an excellent choice for investors seeking both income and capital appreciation.<\/p>\n If your goal is to build passive income<\/a> that grows over time, focusing on quality is far more important than chasing the highest yields. Fortis, Empire, and Canadian National Railway offer a compelling mix of stability, resilience, and consistent dividend growth.<\/p>\n By investing in businesses with durable competitive advantages and proven track records, you position yourself for a steadily rising income stream. Over time, that growing passive income can become a powerful foundation for financial independence \u2014 especially when you stay disciplined and take advantage of market corrections<\/a> to add to your holdings.<\/p>\n The post 3 Canadian Dividend Stocks Whose Passive Income Just Keeps Climbing<\/a> appeared first on The Motley Fool Canada<\/a>.<\/p>\n Before you buy stock in Empire Company Limited, consider this:<\/p>\n The Motley Fool Canada team has identified what they believe are the top 10 TSX stocks for 2026\u2026 and Empire Company Limited wasn\u2019t one of them. The 10 stocks that made the cut could potentially produce monster returns in the coming years.<\/p>\n Consider MercadoLibre, which we first recommended on January 8, 2014 \u2026 if you invested $1,000 in the \u201ceBay of Latin America\u201d at the time of our recommendation, you\u2019d have over $18,000!*<\/p>\n Now, it\u2019s worth noting Stock Advisor Canada\u2019s total average return is 94%* \u2013 a market-crushing outperformance compared to 85%* for the S&P\/TSX Composite Index. Don\u2019t miss out on our top 10 stocks, available when you join our mailing list!<\/p>\n Get the 10 stocks instantly<\/a><\/p>\n * Returns as of April 20th, 2026<\/p>\n More reading<\/p>\n Fool contributor Kay Ng<\/a> has no position in any of the stocks mentioned. The Motley Fool recommends Canadian National Railway and Fortis. The Motley Fool has a disclosure policy<\/a>.<\/p>\n 2026<\/p>\n","protected":false},"excerpt":{"rendered":"Source: Getty Images Written by Kay Ng at The Motley Fool Canada Building a reliable stream of passive…\n","protected":false},"author":2,"featured_media":624676,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[49,48,85385,13744,77174,106692,234268,18182,59312,203660,44,23172,152629],"class_list":{"0":"post-624675","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-canada","8":"tag-ca","9":"tag-canada","10":"tag-canadian-dividend-stocks","11":"tag-canadian-national-railway","12":"tag-dividend-growth","13":"tag-dividend-increases","14":"tag-empire-company-limited","15":"tag-fool-canada","16":"tag-income-stream","17":"tag-market-conditions","18":"tag-news","19":"tag-passive-income","20":"tag-reliable-stream"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/624675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=624675"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/624675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/624676"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=624675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=624675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=624675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}