2 Canadian Dividend Stocks With Significant Upside Potential – Yahoo Canada Finance

Looking for Canadian dividend stocks with potential for growth? Look no further. Here are two Canadian dividend stocks that offer significant upside potential.

1. Bank of Nova Scotia (TSX: BNS)

Bank of Nova Scotia, also known as Scotiabank, is one of Canada’s largest banks with a strong presence in international markets. The bank has a solid track record of paying dividends and has consistently increased its dividend payout over the years. With a focus on international growth and a diversified business model, Scotiabank is well positioned for future growth. Investors looking for a stable dividend stock with the potential for capital appreciation should consider adding Bank of Nova Scotia to their portfolio.

2. Enbridge Inc. (TSX: ENB)

Enbridge is a leading energy infrastructure company in North America, with a diverse portfolio of pipelines, storage facilities, and renewable energy assets. The company has a long history of paying dividends and has a strong track record of dividend growth. As the demand for energy continues to rise, Enbridge is well positioned to benefit from this trend. With a solid balance sheet and a well-diversified business, Enbridge offers investors a stable dividend yield along with the potential for capital appreciation.

In conclusion, Bank of Nova Scotia and Enbridge Inc. are two Canadian dividend stocks with significant upside potential. Both companies have strong fundamentals and a track record of increasing dividends, making them attractive options for investors looking for stable income and potential growth in their portfolios.