TFSA Investors: 3 Dividend Stocks for Worry-Free Passive Income – Yahoo Canada Finance

Investing in dividend stocks can be a smart way to generate passive income with minimal worry. In a Tax-Free Savings Account (TFSA), investors can benefit from tax-free growth on their investments. Here are three dividend stocks that TFSA investors may want to consider adding to their portfolios for worry-free passive income.

1. Fortis Inc. (TSX:FTS)
Fortis is a Canadian utility company known for its stable earnings and reliable dividend payments. The company operates in regulated markets, which provides a steady stream of income for investors. With a long track record of dividend growth and a focus on renewable energy, Fortis is a solid choice for TFSA investors looking for consistent passive income.

2. Enbridge Inc. (TSX:ENB)
Enbridge is a leading energy infrastructure company with a diverse portfolio of assets, including pipelines, natural gas utilities, and renewable energy projects. The company’s strong cash flow generation and commitment to dividend growth make it an attractive option for TFSA investors seeking reliable income. With a history of increasing dividends and a focus on sustainability, Enbridge is a top pick for passive income investors.

3. BCE Inc. (TSX:BCE)
BCE is a telecommunications giant in Canada, providing a range of services, including wireless, internet, and television. The company’s stable business model and strong market position make it a reliable choice for dividend investors. With a history of consistent dividend payments and a focus on expanding its network, BCE offers TFSA investors a steady source of passive income.

Overall, these three dividend stocks – Fortis, Enbridge, and BCE – offer TFSA investors a mix of stability, growth, and income. By adding these companies to their portfolios, investors can enjoy worry-free passive income while benefiting from tax-free growth in their TFSAs.