Regardless of geopolitical conflicts, commerce tensions, and uncertainty about financial coverage, the S&P/TSX Composite Index is continuous to hit new highs in 2026. On one hand, there’s pleasure concerning the rally persevering with. Then again, there’s the concern of shopping for proper earlier than a pullback. The state of affairs might trigger traders to both rush into overheated shares or sit on the sidelines ready for a correction that won’t come anytime quickly.
In actuality, the neatest method throughout a rising market is often the identical technique that works in each market surroundings: give attention to high quality companies with robust fundamentals, wholesome progress developments, and long-term potential. Firms with resilient operations and disciplined administration can proceed creating shareholder worth even when market volatility stays excessive within the quick time period.
On this article, I’ll spotlight two dividend-paying TSX shares that you would be able to think about shopping for right now, even because the TSX trades close to report ranges.
Supply: Getty Photographs
RFA Monetary inventory
The primary inventory I wish to speak about is RFA Monetary (TSX:RFA), an organization that has been quietly constructing momentum by means of its diversified monetary companies platform in Canada. Should you don’t comprehend it already, it operates a diversified monetary companies platform in Canada, providing mortgage lending, deposit merchandise, and actual property companies. Its operations are supported by RFA Financial institution of Canada, RFA Mortgage Company, and RFA Asset Administration.
On the time of writing, RFA inventory traded near $23 with a market cap of roughly $1.1 billion. During the last six months, RFA shares have gained greater than 16%, whereas additionally providing a sexy dividend yield of seven.1%.
Within the first quarter, RFA Monetary accomplished tendencies of retail properties and improvement land totalling $60.5 million and entered agreements to promote further properties anticipated to shut later this yr. The corporate’s newest monetary outcomes additionally highlighted strong operational progress because it generated internet curiosity revenue of $10.8 million and pre-provision pre-tax revenue of $4 million.
RFA’s mortgage exercise additionally remained wholesome as its on-balance-sheet mortgage originations totalled $156.7 million final quarter, whereas off-balance-sheet originations reached $878.1 million.
Going ahead, RFA Monetary plans to proceed unlocking worth from its actual property portfolio whereas recycling capital into higher-return monetary companies companies. That technique might assist steady long-term progress in RFA inventory whereas serving to it maintain a sexy dividend.
Propel Holdings inventory
The second interesting inventory I’d spotlight is Propel Holdings (TSX:PRL), which is gaining traction as a fintech participant targeted on increasing entry to credit score by means of its digital lending platforms. Apparently, this firm primarily helps customers who’re underserved by conventional monetary establishments acquire entry to credit score by means of its digital lending platforms.
PRL inventory hovers round $21 with a market cap of roughly $842 million. Its shares have climbed practically 15% up to now within the second quarter whereas providing a quarterly dividend yield of 4.4%.
Within the March quarter, Propel delivered income of US$166.1 million, whereas its adjusted EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) reached US$42.0 million. Consequently, the corporate’s adjusted internet revenue got here in at US$23 million.
To guage debtors extra comprehensively than conventional credit score scoring strategies, Propel is utilizing an synthetic intelligence (AI)-powered underwriting platform. That know-how permits it to develop entry to credit score whereas managing danger extra successfully.
In the meantime, Propel can also be pursuing progress by means of growth into further U.S. states and new product launches. These optimistic components brighten its long-term progress outlook, making it a sexy buy-and-hold inventory even amid the continuing market rally.
