Dividend investing is without doubt one of the greatest methods to get dependable returns in your funding within the inventory market. While you spend money on shares of high-quality blue-chip shares and maintain them in a retirement account just like the Tax-Free Financial savings Account (TFSA) or the Registered Retirement Financial savings Plan (RRSP), you possibly can benefit from the returns with out incurring taxes on the wealth progress via dividends and capital appreciation.
On the time of writing, the S&P/TSX Composite Indexwhich is the benchmark for the Canadian inventory market, has slipped by 4.92% between March 2 and March 12, 2026. The downturn within the broader market signifies weak point throughout the board on the TSX. The decline in share costs has opened up alternatives for income-seeking traders to seize inflated dividend yields with a number of the greatest dividend shares available on the market.
At the moment, I’ll talk about two TSX dividend shares I might improve my positions in to leverage outsized long-term returns.
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BCE
BCE (TSX:BCE) is without doubt one of the Large Three Telcos in Canada, boasting a $32.67 billion market capitalization. BCE is Canada’s largest communications firm and has held this spot for a very long time. Telco shares provide a defensive enchantment to income-seeking traders. In Could 2025, BCE enacted a dividend lower in Could 2025 to deliver its payout ratio down from over 100% to round 34%, ensuring its payouts stay sustainable.
The inventory has not had one of the best time buying and selling on the TSX in recent times. From highs of round $70 per share in 2022, the inventory fell to as little as $30 per share within the second quarter (Q2) of 2025. Since then, the scenario has improved a bit. As of this writing, BCE inventory trades for $35.03 per share. It pays traders $0.4375 per share every quarter, translating to an annualized 5% dividend yield you could lock into your portfolio at present.
Enbridge
Enbridge (TSX: ENB) is a $159.57 billion market-cap big within the Canadian power infrastructure house, working one of many largest and most advanced pipeline networks in North America. Enbridge transports round 20% of the fossil gasoline merchandise produced and consumed within the area, making it a significant enterprise for the North American financial system.
Enbridge inventory has had a greater time buying and selling on the inventory market because the rate of interest cuts started in 2023. It has important capital tasks underway to drive even higher worth to shareholders. As of this writing, Enbridge inventory trades for $73.12 per share and pays its traders $0.97 per quarter, translating to a 5.31% annualized dividend yield that’s too enticing to disregard. Take into account investing in its shares at present to lock within the high-yielding dividends.
Silly takeaway
Contemplating that there appears to be no enchancment within the geopolitical panorama on the horizon, we are able to count on market volatility to maintain troubling traders for some time. Nonetheless, these with a protracted funding horizon know higher than to let the noise dictate their funding selections.
If you wish to make investments with a long-term view in thoughts, investing in dependable dividend shares will be a wonderful technique to benefit from the present market scenario. To this finish, BCE inventory and ENB inventory will be a number of the high holdings you possibly can think about including to your self-directed funding portfolio.