Canadian retirees should consider investing in blue-chip TSX dividend stocks to create a steady stream of recurring income. Typically, fundamentally strong companies that are part of mature industries generate steady cash flows across market cycles, enabling them to maintain and even grow their dividends over time.
In this article, I have identified three top TSX stocks that can provide you with big income in retirement.
BNS stock
Bank of Nova Scotia (TSX:BNS) reported a solid fiscal second quarter (Q2) (ended in April) performance with adjusted earnings of $2.1 billion, or $1.52 per share, demonstrating the effectiveness of its strategic transformation. The bank achieved positive operating leverage for the fifth consecutive quarter while successfully executing its client primacy strategy, adding 392,000 new retail primary clients since launch.
Scotiabank’s disciplined capital allocation approach enabled it to increase its…
