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Canada's energy sector offers numerous dividend-paying companies, providing investors with opportunities for long-term passive income. With many of the largest publicly traded companies on the TSX operating within the energy industry, investing in TSX energy stocks can be particularly enticing for those seeking reliable dividends over the years. Image Credit: Pexels Tourmaline Oil ( TSX: TOU ) Tourmaline Oil stands out as Canada's largest natural gas producer, holding a significant edge in the market. Additionally, it ranks third in terms of liquid production, emphasizing its robust position within the energy landscape. With a substantial drilling inventory estimated to last approximately 75 years, Tourmaline Oil is poised to maintain its status as a dominant energy producer in Canada for decades to come. Beyond its impressive production scale, Tourmaline's strategic focus on natural gas production is noteworthy. With over three-quarters of its total energy production attr...

TC Energy Corporation ( TSX:TRP ) has recently announced a dividend increase, set to take effect on April 30th, raising the payment to CA$0.96. This adjustment brings the annual dividend to 7.0% of the stock price, surpassing the industry average. Image Credit: Pexels Evaluating TC Energy's Dividend Before delving into the implications of this announcement, it's crucial to evaluate the sustainability of TC Energy's dividend, especially in the context of TSX dividend stocks . Preceding this update, the company was paying out 135% of its earnings, with no surplus free cash flows. Such a significant dividend payout ratio, coupled with the absence of free cash flows, raises concerns about the long-term viability of the dividend. However, there's optimism regarding earnings per share (EPS) growth, projected to rise by 80.8% in the coming year. If recent trends in dividend payments persist, the payout ratio could reach 82% in 12 months, indicating a slightly elevated yet pot...