The 3 Best TSX Dividend Stocks to Buy: A Cut Above the Rest

the 3 best tsx dividend stocks to buy a cut above the rest

Sumary of The 3 Best TSX Dividend Stocks to Buy: A Cut Above the Rest:

  • Motley Fool investors always prefer to invest in fundamentally strong dividend stocks with high yields.
  • This way, investors can generate passive income and be confident to invest the other part of their stock portfolio in some cheap high-growth stocks.
  • In this article, I’ll highlight three of the best high-dividend-yielding TSX stocks from different industries.
  • These are some of the best dividend stocks that will help you generate extra income, and their strong fundamentals could allow you to remain worry-free, even in tough economic times.
  • Bank of Nova Scotia stock Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) is my first pick on the list of the best Canadian dividend stocks right now.
  • Its stock is currently trading at $77.69 per share with about 13.3% year-to-date gains, and it offers a dividend yield of 4.6%.
  • Notably, Scotiabank’s dividend per share increased by more than 32% in the five years between 2015 and 2020. Moreover, its strong balance sheet and diversified financial services offerings make BNS stock worth considering for dividend investors right now.
  • Enbridge stock Enbridge (TSX:ENB)(NYSE:ENB) is one of the top Canadian energy sector companies to invest in right now.

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