1 Dividend-Growth Stock You Should Be Buying
For a blue-chip dividend-growth stock, CN Rail trades at a decent discount with a 2.7% dividend yield for long-term investing.
Canadian National Railway (TSX:CNR) might not be the flashiest name on the market, but it’s a cornerstone of the Canadian economy — and a quiet dividend-growth powerhouse.
After a period of weakness that has stretched for more than a year and a half, this blue-chip stock could finally be setting up for a rewarding comeback.
CNR’s recent decline has left many investors questioning whether the railway’s growth days are behind it.
Yet the company remains one of North America’s most essential transportation networks, being a duopoly in Canada with Canadian Pacific Kansas City and moving goods across a vast continent.
Its freight portfolio touches nearly every corner of the economy:
- automotive
- coal
- fertilizer
- forestry
- grain
- metals and minerals
- petroleum and chemicals
- consumer goods
- temperature-controlled cargo
Author summary: CN Rail is a dividend-growth stock to buy.
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