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Buying blue-chip companies on the TSX when they dip, especially those with high dividend yields, can be a smart move for long-term investors. Historically, blue-chip stocks tend to bounce back quickly after dips, providing a chance to snag shares at a discount.
What’s more, statistics show that reinvesting dividends from these high-yielding blue-chip stocks can supercharge your returns. This means that not only do you benefit from the stock’s recovery, but you also get to compound your returns with those juicy dividends. So, let’s look into some of these blue-chip stocks to get you on your way.
BCE
BCE (TSX:BCE) is looking like a valuable pick right now, and it’s easy to see why. For starters, it’s offering a robust forward annual dividend yield of 8.5% as of writing. Despite recent market fluctuations, BCE has managed to maintain a strong dividend payout. This averaged 6.1% over the past five…
