Canadian earnings traders are looking for good TSX dividend shares buying and selling at affordable costs so as to add to their self-directed Tax-Free Financial savings Account (TFSA) portfolios.
Within the present market situations, it is sensible to hunt out corporations with strong development applications that can generate a gentle rise in income and money move to drive ongoing dividend development.
Fortis
Fortis (TSX:FTS) lately raised its dividend by 4.1%. This marks 52 consecutive years of dividend development for the Canadian utility agency.
Fortis operates pure fuel distribution utilities, energy era services, and electrical energy transmission networks. These companies generate rate-regulated income that tends to be predictable and dependable. That’s essential for traders to think about when deciding which shares so as to add to a dividend portfolio. Households and corporations want electrical energy and pure fuel whatever the state of the financial system, so Fortis needs to be a very good inventory to personal throughout an financial downturn.
Fortis grows by acquisitions and improvement initiatives. The present five-year capital program is about at $28.8 billion. That is anticipated to spice up the speed base from about $42 billion in 2025 to just about $58 billion in 2030. As the brand new belongings are accomplished and begin producing income, the bounce in money move ought to assist ongoing annual dividend will increase within the 4% to six% vary.
Fortis generated adjusted internet earnings of $1.32 billion within the first 9 months of 2025 in comparison with $1.21 billion in the identical interval final 12 months.
Buyers who purchase Fortis on the present value can get a dividend yield of three.5%. That’s decrease than the yield accessible on different dividend shares, however the return on the preliminary funding will increase with every dividend hike, and the dividend-growth steering is engaging for earnings traders.
Enbridge
Enbridge (TSX:ENB) is one among Canada’s largest corporations with a present market capitalization of almost $150 billion. The corporate is greatest identified for its oil and pure fuel pipeline networks that transfer roughly 30% of the oil produced in Canada and the US and 20% of the pure fuel utilized by American houses and companies.
Lately, nonetheless, Enbridge has diversified its asset portfolio. The corporate bought an oil export terminal in Texas and is a companion on the Woodfibre liquified pure fuel (LNG) facility being constructed on the coast of British Columbia. Exports of Canadian and American power merchandise are anticipated to rise within the coming years as international locations look to steady producers for provides.
Enbridge bought the third-largest American wind and photo voltaic developer to spice up its renewable power group. As well as, Enbridge spent US$14 billion in 2024 to purchase three U.S. pure fuel utilities. Photo voltaic initiatives and gas-fired energy era services are being constructed to produce electrical energy to new AI knowledge centres in the US. Enbridge’s strategic place available in the market provides it an edge within the sector.
Enbridge generated $4.66 billion in adjusted earnings within the first three quarters of 2025 in comparison with $4.40 billion final 12 months.
The inventory loved a pleasant restoration over the previous two years. Extra upside could possibly be on the way in which. Enbridge is engaged on a $35 billion capital program to drive income and money move development over the medium time period. This could allow ongoing dividend development that might align with the anticipated annual development in distributable money move of three% to five%. Enbridge raised the dividend in every of the previous 30 years.
Buyers who purchase ENB inventory on the present stage can get a dividend yield of 5.5%.
The underside line
Fortis and Enbridge pay engaging dividends that ought to proceed to develop. When you’ve got some money to place to work in a dividend portfolio, these shares need to be in your radar.
