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Pensioners and other self-directed Tax-Free Savings Account (TFSA) investors are searching for good Canadian dividend-growth stocks to add to their portfolios focused on generating tax-free passive income.
The pullback in the share prices of several leading TSX dividend stocks is giving investors a chance to pick up high dividend yields and potentially benefit from nice capital gains on a recovery.
Telus
Telus (TSX:T) is a major Canadian communications company with wireless and wireline networks that provide mobile and internet services across the country. Telus also has interesting subsidiaries focused on healthcare, agriculture, and global IT services.
Telus trades near $23.50 at the time of writing compared to $34 at the high point in 2022. The decline over the past two years is largely due to rising interest rates, although some troubles at the Telus International subsidiary put added pressure on the…
