Stock market ups and downs are inevitable. Markets move in cycles — bull runs are followed by corrections, and volatility is a natural part of investing. The key to protecting your wealth isn’t avoiding risk altogether, but diversifying across strong, income-generating stocks. Blue-chip and dividend-paying companies can help cushion your portfolio during downturns while providing consistent cash flow.
Also Read: Reliable TSX dividend stocks 2025
If you’re looking to invest $7,000 and want reliable monthly income along with long-term growth potential, here are two excellent TSX dividend stocks to consider.
Exchange Income Corp.: Reliable growth and steady cash flow
Exchange Income Corp. (TSX:EIF) is a diversified, $4 billion company with operations spanning two key industries — aerospace and manufacturing. The company’s acquisition-driven strategy focuses on niche businesses with dependable cash flow, allowing it to perform well even in challenging economic environments.
Headquartered in Winnipeg, Exchange Income owns and operates a portfolio of profitable subsidiaries that serve essential markets, such as regional aviation, defense, and specialized manufacturing. This model helps generate consistent and predictable revenue streams.
At around $77.70 per share, the stock pays $0.22 per share monthly, translating to an attractive 3.4% annual dividend yield. Investors benefit from regular income while also gaining exposure to long-term growth through acquisitions and earnings expansion. For those seeking a balanced mix of income and capital appreciation, EIF is a solid pick.
Also Read: Dividend paying stocks Canada
Slate Grocery REIT: A dependable high-yield play
Slate Grocery REIT (TSX:SGR.UN) focuses on grocery-anchored retail properties across the United States — one of the most stable segments of commercial real estate. The trust owns over 110 properties, leased to well-known tenants such as large supermarket chains and essential retailers. This ensures steady rental income and strong occupancy rates.
Currently trading near $14.50 per unit, Slate Grocery REIT offers a generous 8.4% annual dividend yield, paid monthly in U.S. dollars. Its essential-service tenant base and defensive portfolio make it ideal for investors looking for consistent income in both stable and volatile markets.
Bottom line:
With Exchange Income Corp. and Slate Grocery REIT, investors can enjoy monthly income, portfolio diversification, and long-term growth potential — a smart way to make your $7,000 investment work harder for you.
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