Dividend investing is among the finest methods to get dependable returns in your funding within the inventory market. Whenever you put money into 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 Index, which 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 spot throughout the board on the TSX. The decline in share costs has opened up alternatives for income-seeking buyers to seize inflated dividend yields with a few of the finest dividend shares available on the market.
At present, I’ll talk about two TSX dividend shares I might enhance my positions in to leverage outsized long-term returns.
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BCE
BCE (TSX:BCE) is among the Huge 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 supply a defensive attraction to income-seeking buyers. In Might 2025, BCE enacted a dividend reduce in Might 2025 to deliver its payout ratio down from over 100% to round 34%, ensuring its payouts stay sustainable.
The inventory has not had the perfect 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 buyers $0.4375 per share every quarter, translating to an annualized 5% dividend yield which you can lock into your portfolio at this time.
Enbridge
Enbridge (TSX:ENB) is a $159.57 billion market-cap large within the Canadian vitality infrastructure area, working one of many largest and most advanced pipeline networks in North America. Enbridge transports round 20% of the fossil gas merchandise produced and consumed within the area, making it an important enterprise for the North American economic 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 buyers $0.97 per quarter, translating to a 5.31% annualized dividend yield that’s too engaging to disregard. Think about investing in its shares at this time 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 buyers for some time. Nevertheless, these with an extended funding horizon know higher than to let the noise dictate their funding choices.
If you wish to make investments with a long-term view in thoughts, investing in dependable dividend shares might be a wonderful method to make the most of the present market scenario. To this finish, BCE inventory and ENB inventory might be a few of the high holdings you possibly can think about including to your self-directed funding portfolio.
