3 Cheap Canadian Stocks That Offer 4% Dividend Yields

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There are plenty of opportunities on the TSX for passive-income investors to get excited about today. From century-long dividend-payout streaks to high yields, there’s no shortage of high-quality dividend stocks to choose from.

With that in mind, I’ve put together a basket of three well-priced dividend-paying companies. The three dividend stocks are yielding above 4% today. In addition, all three companies are very different from one another, providing investors with much-needed diversification in their portfolios. 

If you’re looking to build a passive-income stream today, these are three dividend stocks that should be on your watch list.

Dividend stock #1: Toronto-Dominion Bank

Canadian banks are an excellent place for a passive-income investor to be on the lookout for their next purchase. The Big Five not only pay top yields but also own some of the longest dividend-payout streaks you’ll find…

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