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Enbridge Inc. (ENB $65.40)
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Fortis Inc. (FTS $71.24)
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Hydro One Limited (H $51.66)
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Brookfield Corporation Class A Limited Voting Shares (BN $64.21)
Q: Gooday My question is that I have 2 sons with money in there tax free account. Which are the safest divden pay stocks that you recommend .
5i Research Answer:
Keep in mind that any equity will carry risk. For new investors, we suggest ETFs such as ZSP and XIC to set up instant diversification and to reduce risk. Individual stocks such as FTS, H, ENB, BN can be suggested as well, for 'relative' safety. As a TFSA account grows, we do like to see more of a 'growth' focus in the account.