Written by Sneha Nahata at The Motley Fool Canada
The equity market is heading higher despite an uncertain macro trajectory. Moreover, the expected decline in interest rates will likely support the uptrend in TSX stocks. While stocks are trending higher, several great TSX dividend stocks are still trading cheaply, providing an opportunity for income investors to buy and hold these stocks and earn steady passive income.
Against this background, let’s look at four great TSX dividend stocks you can buy cheaply and earn compelling yields.
Telus
Shares of telecom company Telus (TSX:T) are down about 13% over the past year as a challenging macroeconomic environment has elongated its sales cycles and impacted top-line growth. Nonetheless, the company’s fundamentals remain strong, and it continues to generate solid earnings and cash flows, driven by its significant cost-reduction program.
While Telus stock is…
