Some stocks are on sale

Some of the dividend paying stocks that I watch are presently on sale and I think the bargains may get even better in the coming days.

• BCE has a dividend yield of 6.38% and is off its high of the past year by 14.8%.
  
• EMA has a dividend yield of 5.10% and is off its high of the past year by 17.8%.
• ENB has a dividend yield of 7.52% and is off its high of the past year by 18.8%.
• FTS has a dividend yield of 4.05% and is off its high of the past year by 15.2%.
• TRP has a dividend yield of 6.14% and is off its high of the past year by 25%.

Nothing in life is one hundred percent safe. There is always risk. Think Nortel if you need an example to encourage you to set limits on how much you invest in any one equity. That said, I have no problem investing up to five percent of my portfolio in any of the above stocks.

If you invested $10,000 in each of the five stocks, you would reap an annual payment of something in the neighbourhood of $2919 (5.838% averaged dividend yield).

If you still have money to invest, be patient. I'm sure there will be opportunities to buy Telus and a number of the Canadian banks on dips. I insist on a 4% dividend yield. After that, I'm cool. (For instance, Telus today is yielding 4.80%.)

And if investing in a pipeline like Enbridge (ENB) seems wrong to you, you don't know Enbridge. The pipeline giant is building wind farms off the French coast. Enbridge is going green.

https://renewablesnow.com/news/edf-enbridge-and-wpd-ready-to-start-building-450-mw-french-wind-farm-732022/