Image source: Getty Images.
The Canadian stock market is hitting new highs in 2024. However, some investors are still worried about a potential downside correction as macroeconomic uncertainties continue to hurt sentiments amid persistent inflationary pressures. If you are looking for ways to protect your portfolio and generate passive income in the long run, investing in TSX dividend stocks could be a smart option. Dividend income can cushion the impact of market volatility, and many such stocks with strong growth prospects can deliver capital appreciation as well, which can grow your invested money faster over time.
In this article, let’s look at two top dividend stocks that are paying soaring dividends even as the Toronto Stock Exchange is hovering close to its all-time highs. While these stocks haven’t participated in the recent broader market rally, they have strong fundamentals and attractive valuations that make them…
