Dividend stocks have historically outperformed the broader equity markets. These companies are less susceptible to market volatility, given their solid underlying businesses, excellent cash flows, and consistent dividend payouts. With the broader equity markets remaining volatile amid growth concerns and geopolitical tensions, the following three top stocks are excellent buys. An investor can earn over $1,000 annually from dividends by investing $5,000 in each stock.
| COMPANY | RECENT PRICE | NUMBER OF SHARES | INVESTMENT | DIVIDEND | TOTAL PAYOUT | FREQUENCY |
| ENB | $48.93 | 102 | $4,990.86 | $0.915 | $93.33 | Quarterly |
| BCE | $47.05 | 106 | $4,987.3 | $0.9975 | $105.74 | Quarterly |
| TRP | $53.66 | 93 | $4,990.38 | $0.96 | $89.28 | Quarterly |
| Total | $288.35 |
Enbridge
Enbridge (TSX:ENB) transports oil and natural gas across North America through pipeline networks. It also has a strong presence in utility and renewable space. Its cash flows are stable and predictable, as 98% of its adjusted EBITDA (earnings before…
