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First Brexit… then Trump… Now, it’s time for Pro

Is your portfolio really prepared for what’s coming next?

To help investors like you navigate this historically uncertain — yet high-flying — market and prepare for an inevitable downturn, we’re re-opening our Motley Fool Pro Canada service to a select few new members for a short time.

To discover how Pro Canada could help you to increase your upside potential… reduce your downside risk… and earn paycheque-like income in the process, simply click here — before the small number of spots we have left are all gone!

Add Yield to Your Portfolio With These 3 Stocks

As history has shown, dividend-paying stocks far outperform their non-dividend-paying counterparts over the long term. It is for this reason that all long-term investors should own at least one dividend-paying stock and, depending on your age, investment goals, and risk tolerance, maybe even a diversified portfolio full of them. With this in mind, let’s take a look at three stocks from three different industries with yields up to 4.9% that you could buy right now.

1. BCE Inc.

BCE Inc. (TSX:BCE)(NYSE:BCE) is the largest communications company in Canada. It pays a quarterly dividend of $0.65 per share, or $2.60 per share annually, which gives its stock a 4.9% yield at today’s levels.

Investors must also make two very important notes. First, BCE has raised its annual dividend payment for seven consecutive years. Second, the company has a target dividend-payout range of 65-75% of free cash flow, so its strong growth, including 9% year-over-year growth to $2.08 billion in the first nine months of fiscal 2015, should allow this streak to continue in 2016.

2. TMX Group Limited

TMX Group Limited (TSX:X) operates cash and derivative markets for multiple asset classes, including equities, fixed income, and energy, and also provides clearing facilities, data products, and related services to financial institutions worldwide. It pays a quarterly dividend of $0.40 per share, or $1.60 per share annually, which gives its stock a 4.45% yield at today’s levels.

Investors should also note that TMX Group has maintained this quarterly rate since the fourth quarter of 2010, and its consistent cash flow from operating activities, including $201.7 million in the first nine months of fiscal 2015, could allow it to continue to do so going forward.

3. WSP Global Inc.

WSP Global Inc. (TSX:WSP) is one of the world’s leading professional services firms, providing engineering and design services to numerous industries. It pays a quarterly dividend of $0.375 per share, or $1.50 per share annually, which gives its stock a 3.5% yield at today’s levels.

It is also important to note that WSP Global has maintained this annual rate since 2012, but I think its increased amount of funds from operations, including 103.1% year-over-year growth to $242.5 million in the first nine months of fiscal 2015, which was fueled by acquisitions, could allow for a significant increase in the very near future.

Could your portfolio use more dividend income in 2016?

BCE, TMX Group, and WSP Global can provide the dividend income that your portfolio needs in 2016. All Foolish investors should strongly consider making at least one of them a core holding today.

Want more top dividend stock picks for 2016?

These three top stocks have delivered dividends for shareholders for decades (and even centuries!). Check out our special FREE report: "3 Dividend Stocks to Buy and Hold Forever". Click here now to get the full story!

Fool contributor Joseph Solitro has no position in any stocks mentioned.

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For only the 5th time in over 14 years, Motley Fool co-founder David Gardner just issued a Buy Recommendation on this recent Canadian IPO.

Stock Advisor Canada’s Chief Investment Adviser, Iain Butler, also recommended this company back in March – and it’s already up a whopping 57%!

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