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Shares of dividend-paying companies can be a compelling investment to start a passive-income stream. However, investors should take caution and consider Canadian stocks with strong financial health, stellar dividend payment and growth history, well-covered payout ratio, and management’s commitment to enhancing shareholders’ returns.
Moreover, one should focus on diversifying the income portfolio. This way, one can generate worry-free dividend income in all market conditions. With this backdrop, let’s delve into two fundamentally strong Canadian dividend stocks that can help you earn over $614/year with a $10K investment.
An energy stock
Investors seeking reliable dividend income stocks could consider Enbridge (TSX:ENB). The company that transports oil and gas is popular for its solid dividend payment history and management’s commitment to returning higher cash to its shareholders….
