If you’re on the hunt for high-yield dividend stocks on the TSX, look no further. Here are two top picks with yields above 5%.
1. BCE Inc. (TSX: BCE)
BCE is a leading telecommunications company in Canada, providing a wide range of services including wireless, internet, and TV. With a dividend yield of over 5%, BCE is a solid choice for income investors. The company has a long history of paying dividends and has consistently increased its payouts over the years. BCE’s stable business model and strong cash flows make it a reliable option for those looking for steady income.
2. Enbridge Inc. (TSX: ENB)
Enbridge is a major player in the energy infrastructure sector, operating pipelines that transport oil and natural gas across North America. The company offers a dividend yield of over 6%, making it an attractive option for dividend investors. Enbridge has a strong track record of dividend growth and is well positioned to continue increasing its payouts in the future. With a diversified business and stable cash flows, Enbridge is a top TSX dividend stock for those seeking high yields.
Both BCE and Enbridge offer investors the opportunity to earn attractive yields while benefiting from the stability of established companies in their respective industries. Consider adding these top TSX dividend stocks to your portfolio for reliable income generation.