3 Cheap Canadian Stocks That Offer Over 7% Dividend Yields

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Written by Adam Othman at The Motley Fool Canada

Investing in high-yielding dividend stocksĀ can be an excellent way to use stock market volatility in your favour. The pullback in share prices in some top TSX dividend stocks has led to attractive opportunities for Canadian investors. When choosing dividend stocks to buy and hold in your self-directed portfolio, you must be careful not to pick just any high-yielding stocks.

Identifying companies with strong underlying businesses that can support high-yielding dividends is essential. To this end, we will look at three TSX stocks trading at attractive valuations that offer higher-than-usual dividends to investors.

Enbridge

Enbridge (TSX:ENB) is a $100.66 billion market capitalization giant in the North American energy industry. The Calgary-based firm operates a multinational pipeline and energy company. It owns and operates pipelines spanning across Canada and the…

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