Investors should consider TSX stocks with a proven track record of consistently paying dividends, even during periods of economic stress. Companies with strong fundamentals, resilient earnings, and disciplined payout policies are much better positioned to maintain and potentially grow their payouts over time.
So if you want at least a 6% return, here are three TSX-listed stocks you can buy today.
High-Yield Dividend Stock #1: Enbridge
Enbridge (TSX:ENB) is one of the most reliable high-yield dividend stocks you can buy right now. The company operates an extensive energy infrastructure network that connects key supply and demand nodes, ensuring high utilization of the pipeline system and ensuring predictable cash flows.
In addition, the company’s diversified revenue streams and long-term commercial arrangements, many of which are regulated or structured on a take-or-pay basis, increase the resilience of the business and limit exposure to commodity price fluctuations. In addition, a large part of EBITDA benefits from built-in inflation protection.
This sustainable model has enabled Enbridge to consistently deliver higher earnings and distributable cash flow (DCF) per share, which supports higher dividend payments. It is notable that Enbridge has increased its dividend for 31 years in a row. Based on the January 14 closing price of $64.66, the stock yields more than 6%. Additionally, management targets a payout of 60% to 70% of DCF, balancing shareholder returns with funding for future growth.
Looking ahead, high system utilization, growing utility base, growing portfolio of renewables and rising AI-driven energy demand will allow Enbridge to continue generating reliable cash flow, which supports payouts.
High Yield Dividend Stock No. 2: Whitecap Resources
Whitecap Resources (TSX:WCP) is another reliable high-yield dividend stock to buy now. The oil and gas company consistently rewards its shareholders through consistent monthly dividend payments. It currently offers a monthly dividend of $0.061 per share, which yields a yield of approximately 6.3%. Notably, from January 2013 to December 2025, WCP returned approximately $3 billion to shareholders through dividends.
Whitecap supports its base dividend with a conservative payout ratio of 20-25%, leaving room for reinvestment and future increases as the company grows. Continued efforts to improve operating efficiencies, optimize drilling performance and maintain a disciplined approach to capital expenditures should support earnings growth and dividend sustainability.
Whitecap’s diversified asset base, low debt burden and large inventory of high-quality drilling locations provide a solid foundation for long-term growth. Additionally, the recent acquisition of Veren adds scale and premium assets, further strengthening cash flow potential and supporting future payouts.
High Yield Dividend Stock No. 3: SmartCentres REIT
SmartCentres REIT (TSX:SRU.UN) is a reliable high-yield dividend stock. The country steadily pays monthly dividends regardless of the economic situation. The REIT pays a monthly dividend of $0.154 per unit, yielding 6.8%.
The REIT’s payouts are supported by its high-quality assets, which consistently generate strong net operating income. It is striking that SmartCentres’ real estate portfolio is located in prime locations. This geographic advantage drives leasing and renewals, which supports higher rental income, customer retention and stable payouts.
The REIT reported a high occupancy rate of 98.6% during the last reported quarter. This shows the strong demand for its properties. It has also extended its contracts with a higher rental spread. The high-quality tenant base, mainly large retailers, also ensures higher rental income.
The continued strength of its retail portfolio, a solid mixed-use development pipeline and a large land bank position the REIT well to maintain its payouts going forward.
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