Written by Andrew Walker at The Motley Fool Canada
Pensioners are searching for ways to get better returns on their savings. Owning stocks comes with risk, but several top TSX dividend-growth stocks now offer very high yields.
Buying stocks when everyone else is avoiding them takes some courage. Undervalued stocks can get cheaper before they recover, but there is decent upside potential for patient investors and you get paid well along the way.
BCE
The decline in the share price of BCE (TSX:BCE) from $74 in 2022 to the current level near $44 has been difficult to watch for existing owners who are often retirees seeking reliable passive income.
The decline over the past two years is primarily due to a combination of high interest rates, declining media revenues, and an uncertain regulatory environment.
On the rate front, the Bank of Canada is likely done raising interest rates in its battle to get inflation under…
