Retirees and other income investors are searching for good, high-yield TSX stocks to add to their self-directed Tax-Free Savings Account (TFSA) focused on passive income and total returns.
With the TSX near its record high, it makes sense to look for stocks with solid track records of paying rising dividends over the long haul.
Enbridge
Enbridge (TSX:ENB) just raised its dividend by 3%. This marks the 30th consecutive year the board has given shareholders an increase.
Enbridge grows through a combination of acquisitions and development projects. For example, the company completed its US$14 billion purchase of three natural gas utilities in the United States this year. The deals make Enbridge the largest natural gas utility operator in North America. Enbridge is also working on a $27 billion capital program.
Demand for natural gas is expected to grow in the coming years as new gas-fired power generation facilities are built to provide electricity for AI data centres. Enbridge's extensive natural gas transmission infrastructure positions the business well to benefit. Enbridge is also a partner on the Woodfibre liquified natural gas (LNG) export facility being built in British Columbia. The plant will ship Canadian LNG to international markets.
Enbridge trades near $60 per share at the time of writing. The stock is up about 24% in 2024, so the easy money has likely already been made. However, investors who buy the stock at the current level can still get a dividend yield of 6.3%.
TD Bank
TD Bank (TSX:TD) is a contrarian pick right now in the bank sector. The stock has underperformed its large Canadian peers over the past year due to problems at its U.S. operations. TD received fines of nearly US$3 billion and has been hit with an asset cap by regulators in the United States as penalties for not having adequate systems in place to detect and prevent money laundering.
TD's growth plan was based on expanding its presence in the American market. That is now on hold for at least the next few years, so TD needs to pivot and find a new growth strategy over the medium term. A new chief executive officer will take charge in 2025, and investors might have some information by the end of next year on how TD plans to drive investor returns.
On the positive side, TD remains a very profitable business. The company has a solid capital position to ride out some difficult times and to support the dividend.
Most of the bad news should already be priced into the shares. Investors who buy TD stock at the current level near $76 can get a dividend yield of 5.5%. Patience is required on this one, but TD traded as high as $108 in 2022, so there is decent upside potential once the business gets back on track.
Enbridge and TD are good examples of top TSX stocks paying attractive dividends with high yields. If you have some cash to put to work in a TFSA focused on passive income, these stocks deserve to be on your radar.
退休人员和其他收益投资者正在寻找优质、高收益的多伦多证券交易所股票，将其添加到以被动收入和总回报为重点的自管免税储蓄账户（TFSA）中。
随着多伦多证券交易所接近历史新高，寻找在长期支付股息增加方面有良好记录的股票是有意义的。
Enbridge
Enbridge（多伦多证券交易所股票代码：ENB）刚刚将其股息提高了3％。这标志着董事会连续第30年向股东加薪。
Enbridge通过收购和开发项目相结合实现增长。例如，该公司今年完成了对美国三家天然气公用事业公司的140亿美元收购。这些交易使Enbridge成为北美最大的天然气公用事业运营商。恩布里奇还在制定一项270亿美元的资本计划。
随着新的燃气发电设施的建成，为人工智能数据中心提供电力，预计未来几年对天然气的需求将增长。Enbridge广泛的天然气输送基础设施使企业能够从中受益。Enbridge还是正在不列颠哥伦比亚省建造的伍德菲尔液化天然气（LNG）出口设施的合作伙伴。该工厂将向国际市场运送加拿大液化天然气。
在撰写本文时，Enbridge的交易价格接近每股60美元。该股在2024年上涨了约24％，因此这笔宽松的钱可能已经赚到了。但是，以当前水平购买股票的投资者仍然可以获得6.3％的股息收益率。
道明银行
道明银行（多伦多证券交易所股票代码：TD）目前是银行领域的逆势选择。由于美国业务出现问题，该股在过去的一年中表现低于加拿大大型同行。道明被处以近30亿美元的罚款，并因缺乏足够的系统来侦查和防止洗钱而被美国监管机构设定了资产上限，作为处罚。
道明的增长计划以扩大其在美国市场的影响力为基础。现在，这种情况至少要等到未来几年，因此道明需要调整方向，寻找新的中期增长战略。新的首席执行官将在2025年上任，投资者可能会在明年年底之前获得一些有关道明计划如何提高投资者回报的信息。
从积极的方面来看，道明仍然是一项利润丰厚的业务。该公司拥有稳固的资本状况，可以度过困难时期并支持分红。
大多数坏消息应该已经计入股票了。以当前水平在76美元附近购买道明股票的投资者可以获得5.5％的股息收益率。这需要耐心，但道明在2022年的交易价格高达108美元，因此，一旦业务重回正轨，就有不错的上行潜力。
多伦多证券交易所顶级股息股票的底线
Enbridge和TD是顶级多伦多证券交易所股票以高收益支付诱人股息的好例子。如果你有一些现金可以投入到专注于被动收入的免税储蓄账户，那么这些股票值得你关注。
