TSX Holds Steady: Three Dividend Giants to Consider

Market analysts predicted that the Bank of Canada's decision to hold its policy rate steady at 2.25% would be a long-term strategy, and it appears they were correct.

The TSX has experienced volatility in September, but for most of 2026, the benchmark index has maintained positive returns.

In this environment, three Canadian dividend giants stand out: Royal Bank of Canada (TSX: RY), Enbridge (TSX: ENB), and Fortis (TSX: FTS).

Royal Bank of Canada is Canada's largest bank, with a $394.8 billion market cap, making it the TSX's largest company by market cap.

The financial services sector, where RBC belongs, has been the second-best-performing sector in 2026 so far.

In its most recent quarterly report, total revenue and net income increased 9.1% and 11.3%, respectively, to $18.5 billion and $6 billion.

RBC's President and CEO Dave McKay said the earnings results showcase the strength of RBC's diversified business and healthy balance sheet.

The bank has a 13.5% Common Equity Tier 1 (CET1) ratio, supporting solid volume growth.

Royal Bank of Canada also boasts an impressive dividend track record, with 156 years of consecutive payouts.

At $285.20 per share, RY outpaces the broader market with a 24.3% year-to-date gain versus the TSX's plus-12.8% return.

The current dividend yield is 2.5%.

Enbridge (TSX: ENB) is another top choice for income investors, offering a 31-year dividend growth streak and a 5.8% dividend yield at $66.23 per share.

Much of Enbridge's earnings come from long-term contracts or cost-of-service regulation.

The company sees $50 billion worth of opportunities through 2030, with $26 billion in the near term.

Fortis (TSX: FTS) is a defensive investment option for risk-averse investors, offering a 52-year dividend growth streak and a 3.4% dividend at $75.36 per share.