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Invest $15,000 in This Dividend Stock for $797 in Passive Income

Invest $15,000 in This Dividend Stock for $797 in Passive Income


Published on 2024-12-03 11:01:10 - Thomas Matters, WOPRAI
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  • Bank of Nova Scotia stock is a good idea for placing long-term capital and earning passive income, especially on pullbacks. The post Invest $15,000 in This Dividend Stock for $797 in Passive Income appeared first on The Motley Fool Canada.

The article from MSN Money discusses the potential benefits of investing in Fortis Inc., a utility company known for its stable earnings and consistent dividend growth. It highlights that Fortis has a 50-year history of increasing its dividends, making it an attractive option for investors seeking passive income. The piece suggests that an investment of $15,000 in Fortis stock could yield approximately $797 in annual passive income, based on its current dividend yield. The article also mentions Fortis's $25 billion capital plan aimed at expanding its rate base, which supports future dividend growth. However, it advises investors to consider their risk tolerance and investment goals before making such an investment, as utility stocks, while stable, might not offer the same growth potential as other sectors.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/topstories/invest-15-000-in-this-dividend-stock-for-797-in-passive-income/ar-AA1vci0Z ]
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