TFSA investors: 2 TSX -shares with ultra -secure dividends

Dividend Investing is one of the best strategies in which Canadian investors trust for reliable long -term growth. I am not talking about investing in ultra -high dividend shares. A sound long -term strategy Focuses on sustainability and not higher dividends. Instead of opting for higher yields, it is better to consider whether the underlying company is good enough to maintain and grow payouts.

The TSX has various high-quality shares with a reputation for delivering rock-solid dividend payment and long-term dividend growth bars. These shares have underlying companies with solid basic principles, healthy balances and the kind of consistent cash flows that they even during Bear markets.

Given this background, here are two TSX dividend shares with ultra-secure dividends that can justify a place in a self-driven income-oriented portfolio.

Fortis

Strong Inc. (TSX: FTS) is the sweet shares for many income -oriented investors as a better alternative to fixed -income effects. The market-cap company of $ 34.8 billion possesses and operates 10 nut transmission and distribution activa in Canada and the US, and it has interests in various utilities in the Caribbean. Utility companies are not the most exciting for growing investors, but they offer reliable dividends.

Most income from Fortis comes from long -term contracted assets in very rate regulated markets. It means that the cash flow is predictable and is largely not influenced by a broader economic volatility. The debt -intensive nature of the industry means that higher interest rates can weigh on its financial data. That is probably what has contributed to weaker achievements in recent years, but recovery has clearly began to lower the most important interest rates since central banks.

Thanks to the income with a low risk and the defensive nature of the industry, Fortis shares has increased its payment for 51 years and retained a sustainable payment ratio. At the moment it is traded for $ 69.30 per share and has a dividend yield of 3.6%.

Canadian natural resources

Canadian Natural Resources Ltd. (TSX: CNQ) is another stock with ultrasafe dividends. The Calgary headquarters of $ 90.2 billion market CAP company is one of the largest oil and natural gas producers in Western Canada, with activities in offshore Africa and the North Sea that further supplement its activities. It has an extensive and diversified portfolio of assets with a low decision and long service life. The low maintenance capital expenditure of the company generates considerable free cash flows, even when the raw material prices are volatile.

CNQ also benefits from low break-even costs to maintain dividends and activities, it offers a pillow during decline and stimulating growth during increase. CNQ shares have a 25-year dividend growth treak, with a compound annual growth rate of 21% (CAGR). The company uses the environment with low interest rates to reduce its debt and position itself for potential strategic acquisitions.

It currently acts for $ 43.12 per share and has a dividend yield of 5.5%.

Fool

It is important to remember that investing the stock market is inherently risky. Dividend increases or regularity of payment are not a 100% warranty, even if you invest Blue chip stocks With virtually impeccable track records. By doing your due diligence, you can minimize the capital risk but not eliminate.

Building a portfolio of such high -quality shares on a tax -free savings account (TFSA) can be an excellent strategy. The tax-healed status of the account means that you do not get any income or power gain tax on your returns. By reinvesting dividends to buy more shares, you can unlock the power of compiling to speed up your wealth growth.

To this end, FTS shares and CNQ shares can be excellent buy-and-forget holdings to consider your self-driven investment portfolio.