Top 3 Canadian Dividend Stocks to Buy in November

Enbridge stock (ENB)

Enbridge (TSX:ENB)(NYSE:ENB) is one of Canada’s greatest dividend stocks. With a dividend yield of 6.44 percent as of writing, it’s one of the best income stocks. Enbridge stock, on the other hand, is a solid defensive investment for Motley Fool investors. Regardless matter whether the price of oil rises or falls, Enbridge’s stock stays stable due to long-term contracts.

However, over the following several years, it will expand to generate much more money. This includes joint ventures to develop carbon-neutral fuel as well as investments in wind farms. Enbridge stock is a positive pick for anyone looking for a long-term investment.

Enbridge is about to release its quarterly earnings report. Analysts expect it will earn $0.52 per share this year, up 8% from the previous year. Investors may expect a compound annual growth rate (CAGR) of 14.32 percent in the company’s dividend over the next decade if it continues to increase at a steady pace.

Dream Industrial REIT

Analysts are recommending Dream Industrial REIT (TSX:DIR.UN) as the best dividend stock right now. The industrial firm is in a great position for anyone looking to cash in on the e-commerce boom without paying a high price. Dream manages a portfolio of…