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Canadian pensioners can take advantage of a pullback in the share prices of top TSX dividend stocks to get attractive yields for a self-directed Tax-Free Savings Account (TFSA) portfolio focused on high-yield dividend stocks and passive income.
Enbridge
Enbridge (TSX:ENB) is a major player in the North American energy infrastructure industry with a market capitalization of nearly $98 billion. The stock trades for close to $46 at the time of writing, down from $59 at the high point in 2022 before the Bank of Canada and the U.S. Federal Reserve ramped up interest rate hikes to battle high inflation.
Enbridge just reported solid financial results for 2023. Adjusted earnings came in at $5.7 billion, which was the same as 2022. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 6% in 2023 to $16.5 billion. Distributable cash flow (DCF) rose to $11.3 billion from $11.0…
