Updated
Updated · Yahoo Canada Finance · Aug 24
Motley Fool Picks 3 TSX Dividend Stocks Yielding Up to 5.6%
Updated
Updated · Yahoo Canada Finance · Aug 24

Motley Fool Picks 3 TSX Dividend Stocks Yielding Up to 5.6%

2 articles · Updated · Yahoo Canada Finance · Aug 24

Summary

  • Enbridge, Fortis and Canadian National Railway were highlighted as reliable TSX dividend stocks for investors seeking payouts through volatile markets.
  • Enbridge offers the highest cited yield at 5.6%, backed by North America's largest 2,840-kilometre pipeline network and a utility business supplying 75% of Ontario's natural gas.
  • Fortis carries a 3.4% yield and a 52-year streak of uninterrupted dividend increases, supported by the stable demand and regulated cash flows typical of utilities.
  • CN Railway yields 2.05% and has raised its dividend for 29 straight years, with the article pointing to renewed revenue and earnings growth after several stagnant years.
  • The broader case is that Canadian utilities, pipelines and railways combine hard-to-replicate assets with resilient demand, making them stand out as defensive income plays on the TSX.

Insights

Could Fortis's massive infrastructure bets and recent asset sell-offs unexpectedly jeopardize its legendary 52-year dividend streak?
Will Enbridge's ambitious 2030 pipeline expansions truly protect its high yield against the looming threat of stranded assets?
How might Canadian National Railway's aggressive moves against a major US merger quietly reshape North America's freight monopoly?