Retirees looking for passive income should consider investing in top TSX dividend stocks. These stocks offer a steady stream of income that can help supplement retirement savings. Here are two top TSX dividend stocks to consider buying now:
1. BCE Inc. (TSX: BCE) – BCE is a leading telecommunications company in Canada, providing a wide range of services including internet, TV, and wireless. The company has a strong track record of paying dividends and has consistently increased its dividend payments over the years. With a current dividend yield of around 5%, BCE is a solid choice for retirees looking for reliable income.
2. Enbridge Inc. (TSX: ENB) – Enbridge is a major energy infrastructure company in North America, operating pipelines, storage facilities, and renewable energy projects. The company has a stable business model that generates steady cash flows, allowing it to pay attractive dividends to shareholders. With a dividend yield of over 6%, Enbridge is a great option for retirees seeking income stability.
Both BCE and Enbridge are well-established companies with strong fundamentals, making them attractive choices for retirees looking to generate passive income through dividend investing. Consider adding these top TSX dividend stocks to your portfolio for a reliable source of income in retirement.