Canadian pipeline and utility dividend payers
The pipelines that move Canada's oil and gas, and the utilities that deliver its electricity and natural gas: how often they pay and how long they've raised.
General information, not financial advice. No prices or yields on this page: those change every day and live in the app.
Pipelines and regulated utilities are some of the best-known dividend payers on the TSX. Much of their revenue comes from long-term contracts or from rates approved by regulators. That usually makes their cash flow steadier than that of companies whose income depends directly on commodity prices. Long-term dividend investors often look at both groups for that reason. They also carry their own risks: high debt, regulatory decisions, interest-rate sensitivity and project delays. This page lists the largest, longest-established names with their payment frequency, raise streaks and sourced dividend facts. Live yields are in the app.
How to read this page. “Raise streak” is consecutive calendar years with a higher total dividend per share, as the app counts it. Where the company gives its own count, it is quoted too.
Pipelines and midstream
Enbridge
TSX: ENB- What it does
- Operates North America's largest network of crude oil pipelines, plus natural gas pipelines, a gas utility and renewable power.
- Pays
- Quarterly.
- Raise streak
- 31 years1. Enbridge counts its 2026 increase (+3% to $0.97 a quarter) as its 31st consecutive annual increase2.
- Dividend facts
- Enbridge has paid dividends for over 70 years. It says the dividend grew at an average of 9% a year over the past 30 years3. Its published history goes back to 19534.
Keyera
TSX: KEY- What it does
- Gathers, processes, stores and markets natural gas liquids in Western Canada.
- Pays
- Quarterly. The latest raise was +4.17% to $0.5625 a quarter (Aug 5 2026)5.
- Raise streak
- – (no verified count; Keyera's dividend was flat for several years before its recent raises).
Pembina Pipeline
TSX: PPL- What it does
- Pipelines, gas processing and export infrastructure across Western Canada.
- Pays
- Quarterly since 2023. Pembina paid monthly until December 20226.
- Raise streak
- – (no verified count; flat from 2020 to 2022).
TC Energy
TSX: TRP- What it does
- Natural gas pipelines across Canada, the U.S. and Mexico, plus power generation (it spun off its oil pipelines as South Bow in October 2024).
- Pays
- Quarterly.
- Raise streak
- Not shown: the per-share dividend was reset lower after the South Bow spin-off, and counts differ on whether that ends the streak.
- Dividend facts
- TC Energy raised its dividend in February 2026 (+3.2% to $0.8775 a quarter)7.
Utilities and power
Canadian Utilities
TSX: CU- What it does
- Electricity and natural gas transmission and distribution, mostly in Alberta. Part of the ATCO group.
- Pays
- Quarterly.
- Raise streak
- 54 years1. The Q1 2026 dividend rose 1% to 46.23 cents, its 54th consecutive annual increase8.
Capital Power
TSX: CPX- What it does
- Power producer with natural gas and renewable plants in Canada and the U.S.
- Pays
- Quarterly.
- Raise streak
- 13 years, higher every year since 20141. The company calls its 2026 increase (+2%) “the 13th consecutive year of increase”9.
Emera
TSX: EMA- What it does
- Regulated electric and gas utilities in Florida, Nova Scotia, New Mexico and the Caribbean.
- Pays
- Quarterly.
- Raise streak
- 20 years, higher every year since 20071. Emera's Oct 2 2026 increase (+1% to $0.74 a quarter) “marks our 20th consecutive year of dividend growth”10.
Fortis
TSX: FTS- What it does
- Regulated electric and gas utilities in Canada, the U.S. and the Caribbean.
- Pays
- Quarterly.
- Raise streak
- 53 years1. Fortis raised its Q4 2026 dividend by 4% to $0.66511. Its 2025 raise was described as the 52nd consecutive year12, so 2026 makes 53.
- Dividend facts
- Fortis has extended its annual dividend growth guidance of 4-6% through 203111.
Hydro One
TSX: H- What it does
- Ontario's largest electricity transmission and distribution company.
- Pays
- Quarterly. The dividend is usually raised with the May declaration (May 13 2026: $0.3531 a quarter)13.
- Raise streak
- – (no company count; Hydro One has listed on the TSX only since 2015).
This page is general information, not financial advice. It is not a recommendation to buy, sell or hold any security. Dividends can be cut or suspended. Check the company's own filings before deciding anything.
Sources (last checked November 7, 2026)
- Raise streaks: Parachute Monkey's dividend records (payment history), checked against the company releases listed on this page.
- Enbridge, “Enbridge Announces 2026 Financial Guidance, Declares 3% Dividend Increase...” (Dec 3 2025), https://www.newswire.ca/news-releases/enbridge-announces-2026-financial-guidance-declares-3-dividend-increase-and-reaffirms-growth-outlook-868804412.html ; Motley Fool, “Enbridge's dividend has grown for 31 straight years” (2026-07-30), https://fool.com/investing/2026/07/30/enbridges-dividend-has-grown-for-31-straight-years/
- Enbridge, Dividends and Common Shares, https://www.enbridge.com/investment-center/stock-and-dividend-information/dividends-and-common-shares
- Enbridge dividend history (PDF), https://www.enbridge.com/-/media/Enb/Documents/Investor-Relations/DividendandShare/EnbridgeInc_Dividend_History.pdf
- Keyera, “Keyera increases quarterly dividend by 4.17%...” (Aug 5 2026), https://www.keyera.com/news-and-stories/news-releases/keyera-increases-quarterly-dividend-by-4-17-and-announces-third-quarter-distribution/
- Pembina Pipeline, Form 40-F / AIF FY2022 (move to quarterly dividends), https://www.sec.gov/Archives/edgar/data/1546066/000162828023004885/aifppcq42022.htm
- TC Energy, Q4 and full-year 2025 results (Feb 2026), https://www.barchart.com/story/news/203331/tc-energy-reports-fourth-quarter-and-full-year-2025-results ; Motley Fool Canada (2026-04-15), https://www.fool.ca/2026/04/15/a-tfsa-stock-with-a-4-yield-and-dependable-cash-payments/
- Canadian Utilities, eligible dividends release (Jan 8 2026), https://www.newswire.ca/news-releases/canadian-utilities-limited-eligible-dividends-890489123.html ; Canadian Utilities 2025 earnings (Feb 26 2026), https://www.newswire.ca/news-releases/canadian-utilities-reports-2025-earnings-898635805.html
- Capital Power, Q2 2026 results (Jul 29 2026), https://www.capitalpower.com/media/media_releases/capital-power-reports-second-quarter-2026-results/ ; dividend release (Jul 28 2026), https://www.capitalpower.com/media/media_releases/capital-power-declares-dividends-for-its-preference-and-common-shares-and-announces-a-2-dividend-increase-for-its-common-shares/
- Emera, “Emera Announces Increase in Common Dividend” (Oct 2 2026), https://offshoresource.com/business-wire/emera-announces-increase-in-common-dividend-2/ ; 2025 release (19th year), https://www.businesswire.com/news/home/20250925559508/en
- Fortis, Q3 2026 results (Nov 3 2026, SEC 6-K), https://www.sec.gov/Archives/edgar/data/0001666175/000166617526000042/a2026q3ex991pressrelease.htm
- Fortis, Q3 2025 release (“4.1% increase ... 52 consecutive years”), https://www.fortisinc.com/news/news-releases/detail?id=9731 ; Fortis investors page, https://www.fortisinc.com/investors
- Hydro One, “Hydro One Limited Declares Quarterly Common Share Dividend” (May 13 2026), https://hydroone.mediaroom.com/2026-05-13-Hydro-One-Limited-Declares-Quarterly-Common-Share-Dividend