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Investors looking to generate passive income in their Tax-Free Savings Account (TFSA) or total returns in a self-directed Registered Retirement Savings Plan (RRSP) have an opportunity to buy great TSX dividend stocks at discounted prices to start 2024.
Enbridge
Enbridge (TSX:ENB) is a giant in the North American energy infrastructure industry with a current market capitalization of more than $100 billion. Assets include oil pipelines, natural gas transmission and distribution, renewable energy, and export businesses.
ENB stock had a rough ride in 2023, despite the strong performance of the overall business. The shares trade near $48 at the time of writing compared to a high of around $59 in 2022.
Enbridge expects to generate modest but steady growth in distributable cash flow (DCF) and earnings before interest, taxes, depreciation, and amortization (EBITDA), supported by revenue and cash flow gains…
