Hillcrest Energy Technologies. (CSE: HEAT)
From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future.
Investors planning to generate passive income in 2025 may consider top Canadian stocks with a history of stable dividend payments and growth. It’s noteworthy that these Canadian stocks are backed by strong fundamentals and well-established companies with a continuously growing earnings base, allowing them to pay and increase dividend distributions year after year.
In this context, here are two top Canadian stocks from the energy and utilities sectors. They offer stable passive income potential and opportunities to diversify portfolios in 2025.
First, from the energy sector, Enbridge (TSX: ENB) stands out as one of the leading Canadian dividend stocks for worry-free passive income. This energy company has consistently provided higher dividend returns to shareholders. Enbridge transports oil and natural gas and benefits from a wide network of liquid pipelines and low-risk growth projects that enhance utilization rates. This enables the company to steadily increase earnings and distributable cash flow (DCF), allowing for higher dividend payouts.
Enbridge has paid dividends for over 69 years and has increased its dividends for 29 consecutive years. The company’s highly diversified revenue sources, billions of dollars in capital projects, ongoing investments in renewable energy, and a growing utility footprint all indicate strong growth ahead.
Next is the highest-yielding stock in the utilities sector. One of the leading dividend stocks in the utilities industry is Canadian Utilities (TSX: CU), which can help investors generate worry-free passive income in 2025.
Canadian Utilities provides natural gas and electricity services, boasting an impressive track record of dividend growth. Notably, the company has increased its dividends for 52 consecutive years. This dividend king also offers a healthy yield of about 5%.
The company’s resilient dividend reflects its ability to consistently generate high-quality earnings. Canadian Utilities continues to invest in regulated utilities, which may expand its rate base and enhance earnings. The company is also likely to increase shareholder value through higher dividends in the coming years.
