Written by Jitendra Parashar at The Motley Fool CanadaWhereas there are a number of methods of producing passive revenue, investing in excessive dividend-yielding shares is without doubt one of the best and most dependable methods. Investing your hard-earned cash in some basically sturdy dividend shares can’t solely develop into your supply of additional revenue but in addition permits you to develop your cash because the market inches up. Here are three dependable high-dividend-paying shares that would provide help to say goodbye to your monetary worries by producing constant passive revenue for you.Keyera inventoryKeyera (TSX:KEY) is my first advice for inventory buyers who need to generate passive revenue. It’s a Canadian vitality infrastructure agency with a key curiosity in midstream enterprise. Its big selection of vitality providers contains uncooked pure gasoline gathering and processing together with fractionation, storage, and transportation of byproducts of gasoline processing. After climbing 34% this yr, Keyera inventory is at present buying and selling at $30.60 per share. The inventory has a beautiful dividend yield of 6.3%.In the June quarter, Keyera registered a stable 95% YoY (year-over-year) income progress — beginning its sharp monetary restoration, because the vitality demand continues to develop amid reopening economies. Moreover, its sturdy monetary place, high-quality belongings, and sustainable dividends make Keyera inventory probably the greatest high-dividend Canadian shares to purchase proper now.TD Bank stockWhen you are attempting to spend money on shares with an intention to generate passive revenue, it’s at all times a good suggestion to diversify your portfolio in a number of sectors. That’s why my second inventory decide for an excellent passive-income inventory portfolio is from the banking sector. The Toronto-based Toronto-Dominion Bank (TSX:TD)(NYSE:TD) is certainly one of my favorite banking shares to purchase in 2021. The financial institution reported its better-than-expected third-quarter outcomes on Thursday. During the quarter, its adjusted earnings rose by 57% from a yr in the past to $1.96 per share. Notably, this was the fifth consecutive quarter when TD Bank continued to beat analysts’ consensus earnings estimates.Story continuesMoreover, the financial institution’s well-diversified monetary providers portfolio, resilient money flows, and deal with digital enhancements make its inventory much more enticing. TD Bank inventory is buying and selling at $85.75 per share with 17% year-to-date good points and has a dividend yield of 3.7%.TC Energy stockTC Energy (TSX:TRP)(NYSE:TRP) could possibly be one other nice Canadian inventory to purchase for buyers searching for passive revenue. This vitality firm primarily focuses on growing and working vitality infrastructure throughout North America.Last yr, TC Energy was one of some vitality corporations that continued to put up optimistic earnings progress, regardless of going through COVID-19-related challenges. Its adjusted internet revenue margin additionally expanded to 30.4% in 2020 in contrast to 29.1% in 2019. Despite its persistently enhancing earnings, TC Energy inventory hasn’t seen a lot appreciation this yr, and it’s at present buying and selling with solely 14% year-to-date good points. That’s one of many the explanation why I discover its inventory low cost to purchase proper now.Overall, TC Energy’s diversified high-quality vitality infrastructure belongings, spectacular enterprise enlargement technique, and sustainable dividend progress make its inventory value shopping for for long-term buyers. Its good-looking dividend yield of 5.9% will provide help to generate constant passive revenue and say goodbye to your monetary worries.The put up Passive Income: 3 Top Canadian Stocks to Say Goodbye to Your (*3*) Worries appeared first on The Motley Fool Canada.The Motley Fool’s First-Ever Cryptocurrency Buy AlertFor the primary time ever, The Motley Fool has issued an official BUY alert on a cryptocurrency.We’ve taken the very same detailed evaluation that we’ve used to discover world-beating shares like Amazon, Netflix, and Shopify to discover what we consider would be the ONE cryptocurrency to rise above greater than 4,000 cryptocurrencies.Don’t miss out on what could possibly be a once-in-a-generation investing alternative.Click right here to get the total story!More studyingThe Motley Fool recommends KEYERA CORP. Fool contributor Jitendra Parashar has no place in any of the shares talked about.2021
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3 Top Canadian Stocks to Say Goodbye to Your Financial Worries
