Image source: Getty Images
The stock market rally that occurred at the end of 2023 caught most people by surprise. Investors are wondering which great TSX dividend stocks are still undervalued and good to buy for a self-directed Tax-Free Savings Account (TFSA) targeting passive income or a Registered Retirement Savings Plan (RRSP) portfolio focused on total returns.
Enbridge
With a market capitalization of more than $100 billion Enbridge (TSX:ENB) is a giant in the North American energy infrastructure industry. The company moves roughly a third of the oil produced in Canada and the United States and 20% of the natural gas used by American homes and businesses.
The stock trades near $49 at the time of writing; this is up from $43 in October but is still way off the $59 market the share price hit in 2022.
Enbridge raised the dividend by 3.1% for 2024. That’s the 29th consecutive annual dividend hike the board has given investors….
