Source: Getty Images <\/p>\n
Written by Chris MacDonald<\/a> at The Motley Fool Canada<\/p>\n Investors who are near retirement or still years away from the next stage of their lives have a number of excellent options to generate passive income for retirement.<\/p>\n I think that fixed-income assets are worth considering due to the portfolio diversification this asset class provides, as well as the downside protection investors can gain from owning uncorrelated assets.<\/p>\n But for those looking to stick with equities and attempting to generate most of their passive income from their stock portfolio, here are three excellent dividend stock<\/a> options to consider right now.<\/p>\n There are four other \u201cBig Five\u201d Canadian banks to choose from, but I picked Royal Bank of Canada (TSX:RY<\/a>) as one of these durable passive-income picks, mostly due to the bank\u2019s underlying durability.<\/p>\n Indeed, in terms of defensive positioning, there aren\u2019t going to be many better options out there than Royal Bank. As a top 10 global bank, this is a company that comes with a \u201ctoo big to fail\u201d label. So, for those with concerns that cracks are building in the financial system, Royal Bank remains a top way I\u2019d play this trend.<\/p>\n With a dividend yield of 2.9% and a rock-solid balance sheet, Royal Bank is among the most durable and consistent cash flow machines on the TSX. Investors can buy Royal Bank today for its capital appreciation potential and dividend growth over time.<\/p>\n I\u2019ve been focusing more of my attention of late on the utilities sector. That\u2019s for two reasons. First, this sector\u2019s regulated nature provides cash flows that grow at one of the most consistent rates in any sector. Second, if AI becomes what many suggest it could, this is a sector that could be ready for growth.<\/p>\n In the Canadian market, Hydro One (TSX:H<\/a>) remains one of my top picks in this sector.<\/p>\n The company\u2019s strong recent results, in combination with its rock-solid balance sheet, make the company\u2019s current 2.4% dividend yield one that I think is worth investing in. While this yield has come down considerably in recent years, thanks to the capital appreciation investors can visualize in the chart above, this is a yield I think should continue to grow as the company returns more capital to shareholders over time.<\/p>\n Canadian telecommunications giant BCE (TSX:BCE<\/a>) is another durable dividend stock I think long-term investors can sleep well at night owning into retirement.<\/p>\n The company earns the vast majority of its revenue via very consistent mobile and internet service charges to millions of customers, mostly in the Canadian market.<\/p>\n While the company\u2019s stock price has been on the decline of late, what this means for investors today is a higher up-front yield. With a current dividend yield of 5.6% and plenty of dividend growth likely on the horizon, this is one of my top picks to buy now in a market that\u2019s been doing nothing but heading up to the right, for the most part.<\/p>\n The post Create Durable Passive Income in Retirement With These 3 Canadian Gems<\/a> appeared first on The Motley Fool Canada<\/a>.<\/p>\n Before you buy stock in BCE Inc., consider this:<\/p>\n The Motley Fool Stock Advisor Canada analyst team identified what they believe are the 15 best stocks for investors to buy now\u2026 and BCE Inc. wasn\u2019t one of them. The 15 stocks that made the cut could potentially produce monster returns in the coming years.<\/p>\n Consider MercadoLibre, which we first recommended on January 8, 2014 \u2026 if you invested $1,000 in the \u201ceBay of Latin America\u201d at the time of our recommendation, you\u2019d have $21,105.89!*<\/p>\n Now, it\u2019s worth noting Stock Advisor Canada\u2019s total average return is 95%* \u2013 a market-crushing outperformance compared to 72%* for the S&P\/TSX Composite Index. Don\u2019t miss out on our top 15 list, available when you join Stock Advisor Canada.<\/p>\n See the 15 Stocks<\/a><\/p>\n * Returns as of November 17th, 2025<\/p>\n More reading<\/p>\n Fool contributor Chris MacDonald<\/a> has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy<\/a>.<\/p>\n 2025<\/p>\n","protected":false},"excerpt":{"rendered":"Source: Getty Images Written by Chris MacDonald at The Motley Fool Canada Investors who are near retirement or…\n","protected":false},"author":2,"featured_media":314431,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,161819,26314,114562,726,147,530,2460],"class_list":["post-314430","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-capital-appreciation","tag-dividend-growth","tag-fool-canada","tag-passive-income","tag-personal-finance","tag-personalfinance","tag-royal-bank-of-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/314430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=314430"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/314430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/314431"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=314430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=314430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=314430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}