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There’s never a bad time to think about building a stream of passive income. And that’s especially true during times of volatility, which Canadian investors have had no shortage as of late. A steady stream of passive income can help soften the impact of inevitable volatile periods in the stock market.
Fortunately, there’s no shortage of dividend stocks to choose from on the TSX. Whether you’re looking for a high yield or a dependable payout, there’s at least one dividend stock that’s right for your portfolio.
With that in mind, I’ve reviewed three dividend-paying companies that are perfect for a long-term investor. Together, the basket of companies can provide a mix of diversification, growth potential, and, of course, a whole lot of passive income.
Dividend stock #1: Toronto-Dominion Bank
The Canadian banks are a great place for a dividend investor to build out their watch list. The Big…
