Best Utility Stocks in Canada This November 2025
The Canadian utility sector stands at a critical investment crossroads in 2025, with transformative opportunities emerging for strategic investors. According to Invest Canada, renewable energy investments have surged 42% in the past two years, signaling massive potential in utility stocks. Savvy investors seeking stable, dividend-driven opportunities will find this guide essential for navigating the complex energy landscape, especially when exploring dividend investment strategies that maximize long-term returns. The utility sector offers a unique blend of consistent performance and emerging green technology potential, making it an attractive option for both conservative and growth-oriented investors.
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Summary Table for Best Utility Stocks in Canada This November 2025
| Stock | Dividend | 1-Year Return | Learn More |
|---|---|---|---|
|
Fortis Inc Dividend Income |
3.50% | 12.8% | Learn More |
|
Emera Inc Dividend Income |
5.90% | 34.73% | Learn More |
|
Canadian Utilities Ltd Dividend Income |
4.66% | 12.8% | Learn More |
|
Brookfield Infrastructure Partners (BIP.UN) Dividend Income |
5.02% | 4.07% | Learn More |
|
Hydro One Ltd Dividend Income |
2.57% | 18.55% | Learn More |
|
Northland Power Inc Dividend Income |
4.91% | 50.54% | Learn More |
1. Fortis Inc
Fortis Inc. is a leading utility company operating across Canada, the United States, and the Caribbean, offering investors a stable and attractive dividend investment with consistent growth potential. With a strong track record of dividend payments and a forward-looking strategy, Fortis provides a compelling opportunity for income-seeking investors.
Fortis Inc
- Operates electric and gas utility assets in Canada, US, and Caribbean
- Serves over 3.4 million electricity and gas customers
- Consistent dividend growth of 4-6% annually through 2029
- Listed on Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE)
Pros
- Stable utility business model
- Consistent dividend payments
- Diversified geographic operations
- Low volatility
Cons
- Moderate dividend yield compared to some competitors
- Regulated utility sector limits rapid growth
- Sensitivity to interest rate changes
Why is it Our Top Pick?
Fortis stands out as a top investment due to its stable utility business model, consistent dividend growth, and strategic geographic diversification. The company's reliable cash flows and commitment to increasing shareholder value make it an attractive option for long-term income investors seeking predictable returns.
2. Emera Inc
Emera Inc. is a dynamic energy and services company serving approximately 2.5 million utility customers across Canada, the United States, and the Caribbean, offering investors an attractive dividend opportunity with strong financial performance. With a robust revenue stream and consistent growth, Emera presents a compelling investment in the utility sector.
- Headquartered in Halifax, Nova Scotia
- Invests in electricity generation, transmission, and distribution
- Trailing 12-month revenue of $6.0 billion
- 11.5% profit margin with 23.4% quarterly sales growth
Pros
- High dividend yield
- Geographically diverse operations
- Strong financial performance
- Consistent earnings growth
Cons
- Lower dividend growth (1-2% expected)
- Sensitivity to regulatory changes
- Capital-intensive industry
- Potential environmental regulation impacts
3. Canadian Utilities Ltd
Canadian Utilities Ltd is a premier utility stock that stands out as a dividend aristocrat, having consistently raised dividends for 51 consecutive years. With a robust operating cash flow of $2 billion and a strong 4.7% dividend yield, it offers investors a stable and attractive income-generating investment.
Canadian Utilities Ltd
- Electricity generation, transmission, and distribution
- Natural gas and water pipelines
- Retail energy services
- Diversified utility infrastructure
Pros
- Defensive investment with stable demand
- Long history of dividend growth
- Strong operating cash flow of $2 billion
- Regulated utility business model
Cons
- Higher payout ratio of 111%
- Sensitive to interest rate changes
- Potential regulatory risks
4. Brookfield Infrastructure Partners (BIP.UN)
Brookfield Infrastructure Partners is a global infrastructure investment platform that owns and operates high-quality, long-life assets generating stable cash flows across utilities, transport, midstream, and data businesses. With a compelling 5.02% forward dividend yield and a diverse global portfolio, it offers investors a unique infrastructure investment opportunity.
Brookfield Infrastructure Partners (BIP.UN)
- Global infrastructure asset management
- Operates in utilities, transport, midstream, and data sectors
- Approximately 2,900 utility assets
- Diversified international portfolio
Pros
- Global infrastructure exposure
- Stable cash flow generation
- Attractive dividend yield
- Managed by experienced Brookfield team
Cons
- Moderate 1-year return performance
- Sensitive to economic and market conditions
- Potential regulatory challenges in different markets
5. Hydro One Ltd
Hydro One is Ontario's largest electricity transmission and distribution company, serving nearly 1.5 million customers with a robust infrastructure and a consistent dividend strategy that offers investors steady income and long-term growth potential.
Hydro One Ltd
- Largest electricity transmission and distribution company in Ontario
- Serves nearly 1.5 million customers
- Regulated transmission and distribution assets
- Quarterly dividend reinvestment plan available
Pros
- Stable utility sector investment
- Strong long-term performance
- Regulated market with predictable revenue
- Monthly dividend option through DRIP
Cons
- Primarily focused on Ontario market
- Moderate dividend yield
- Dependent on regulatory environment
- Limited geographic diversification
6. Northland Power Inc
Northland Power is a global renewable energy producer operating across multiple countries, offering investors exposure to clean energy infrastructure with a compelling dividend strategy and strong growth potential in the sustainable energy sector.
Northland Power Inc
- International power producer across 7 countries
- Renewable energy infrastructure focus
- Monthly dividend payments
- Cumulative preferred share options
Pros
- Exposure to renewable energy sector
- Monthly dividend income
- Potential for international growth
- Attractive analyst ratings
Cons
- Volatile returns compared to benchmark
- Low return on equity (8.2%)
- Significant use of debt
- Fluctuating profitability
Final Words
Selecting the ideal financial product ultimately depends on your individual goals, spending patterns, and financial situation. We recommend comparing the features and benefits of our top picks, then taking action to optimize your financial strategy for the current market conditions.
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Frequently Asked Questions: Best Utility Stocks in Canada This November 2025
What are the top 3 utility stocks to invest in for Canadian investors in November 2025?
Fortis Inc, Emera Inc, and Hydro One Ltd remain the most stable and high-performing utility stocks with consistent dividend yields above 4%.
How do I choose the best utility stocks for my Canadian investment portfolio in 2025?
Consider factors like dividend stability, market capitalization, and historical performance, with Brookfield Infrastructure Partners (BIP.UN) offering strong infrastructure-based utility investments.
Which Canadian utility stock provides the most consistent dividend returns in 2025?
Canadian Utilities Ltd continues to demonstrate the most reliable dividend track record, with a consistent 5-year dividend growth rate of approximately 6-7%.
What are the key performance indicators for top utility stocks in the Canadian market this November?
Hydro One Ltd and Fortis Inc both show strong market resilience, with market capitalizations over $20 billion and steady annual total returns exceeding 8-10%.