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Investing in dividend stocks, especially those offering high yields, can help generate significant passive income over time. However, it’s essential to be selective, as chasing high yields alone can be risky. Thus, investors should focus on fundamentally strong companies with growing earnings. By investing in these stable businesses, investors can enjoy a reliable stream of income, even when the market is volatile.
It’s worth noting that Canada’s central bank has started easing its monetary policy and announced an interest rate cut. As a result, these dividend stocks have become even more attractive due to their higher yields.
Against this backdrop, here are three TSX stocks with over 6% dividend yield to buy today.
#1. Enbridge stock
Enbridge (TSX:ENB) is definitely one to consider if you’re looking for reliable and high-yield dividend stocks. The energy infrastructure company has been paying…
