Written by Adam Othman at The Motley Fool CanadaThe onset of COVID-19 utterly shook up many of the plans that everyone had. Many Canadian retirees had to face the impression of the disaster and the way it modified their retirement plans. Despite all of the challenges created by the pandemic, it’s attainable for older Canadian adults who’re nearing retirement to bolster their retirement revenue.Using your cash to create a portfolio of income-generating property may help you make a passive-income stream that may complement your retirement revenue. Today, I’ll talk about two dependable Canadian dividend shares that you should utilize as the muse for such a passive-income portfolio.EnbridgeEnbridge (TSX:ENB)(NYSE:ENB) is an vitality sector large that owns and operates the biggest vitality infrastructure in North America. It is broadly thought of as one of many prime dividend shares to personal for the lengthy haul for income-seeking traders. Like the remainder of its friends, Enbridge inventory had a tough 12 months on the inventory market throughout 2020, owing to headwinds created by the pandemic.However, the vitality inventory has seen a large restoration this 12 months. At writing, Enbridge inventory is buying and selling for $49.01 per share on a year-to-date foundation. At its present share worth, it boasts a juicy 6.81% dividend yield. The firm just lately launched its Q2 earnings report for fiscal 2021. A powerful efficiency throughout its main segments boosted its revenues.As a retiree, Enbridge inventory is among the finest dividend shares that you would be able to personal to generate dependable passive revenue and proceed rising your wealth in retirement.FortisFortis (TSX:FTS)(NYSE:FTS) is a Canadian Dividend (*2*) that has by no means managed to disappoint its shareholders. The St. John’s-based utility holding firm has a monitor file for offering its shareholders with rising dividend payouts annually. The inventory boasts a 47-year dividend-growth streak that it’s unlikely to break for the foreseeable future.The utility holding firm owns and operates a number of pure fuel and electrical utility companies, serving tens of millions of consumers throughout Canada, the U.S., and the Caribbean. Fortis depends on extremely contracted and controlled property to generate predictable money flows that enable the corporate’s administration to fund rising shareholder dividends and capital plans comfortably.Story continuesFortis’s present $19.6 billion capital plan goals to broaden the corporate’s charge base by the tip of this decade. At writing, the inventory is buying and selling for $58.05 per share, and it boasts a juicy 3.48% dividend yield.Foolish takeawayFortis inventory and Enbridge inventory pay engaging dividends that ought to proceed to develop steadily within the coming years. Income-generating property like these are proving to be much better alternate options to high-interest financial savings accounts and fixed-income property like bonds and GICs when it comes to serving to you earn passive revenue utilizing your funding capital.Buying and holding the shares of those two firms might assist you to generate vital revenue to complement your retirement revenue and reside a extra snug retired life.The publish Canadian Retirees: 2 Top Dividend Stocks to Own appeared first on The Motley Fool Canada.This Tiny TSX Stock Could be Like Buying Tesla in 2001Our crew of diligent analysts at Motley Fool Stock Advisor Canada has recognized one little-known public firm based proper right here in Canada that’s on the cutting-edge of the area business and just lately accomplished a transformational acquisition, all whereas making a good-looking revenue within the course of!The better part is that in a market the place many shares are promoting at all-time-highs, this inventory is buying and selling at what seems to be like a VERY affordable valuation… for now.Click right here to study extra about our #1 Canadian Stock for the New-Age Space RaceMore studyingFool contributor Adam Othman has no place in any of the shares talked about. The Motley Fool owns shares of and recommends Enbridge. The Motley Fool recommends FORTIS INC. 2021
https://ca.finance.yahoo.com/news/canadian-retirees-2-top-dividend-163004280.html
2 Top Dividend Stocks to Own
