Investing in high-yield dividend stocks with sustainable payouts can help generate solid recurring income regardless of market conditions. Further, adding a few high-yield dividend stocks to your portfolio could be a smart strategy now, as interest rates are expected to decline, and these investments are likely to offer better yields. So, for investors seeking high-yield Canadian stocks, here are my top picks providing at least a 7% yield.
BCE stock
BCE (TSX:BCE) is a compelling dividend stock worth buying now for high yield and a solid history of dividend payments and growth. Canada’s leading communication company is known for enhancing shareholder value through higher dividend payouts. Notably, BCE has raised its dividend for 16 years in a row. Further, BCE stock offers an impressive yield of close to 11%.
BCE’s exceptionally high yield stems from a recent dip in BCE’s share price, driven by competitive pressures and…
