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1 Dividend Growth Star Perfect for a TFSA

1 Dividend Growth Star Perfect for a TFSA


Published on 2024-12-05 17:01:59 - MSN
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  • CN Rail (TSX:CNR) is a fantastic rail play that's looking too cheap to pass up for investors focused on landing cheap deals for the new year. The post 1 Dividend Growth Star Perfect for a TFSA appeared first on The Motley Fool Canada.

The article from MSN Money discusses the merits of investing in Fortis Inc. (TSX:FTS) for a Tax-Free Savings Account (TFSA). Fortis, a utility company, is highlighted for its stable and predictable earnings due to its regulated business model, which supports consistent dividend payments. The company has a remarkable track record of increasing its dividends for 50 consecutive years, making it a "Dividend King." This stability and growth in dividends make Fortis an attractive option for TFSA investors looking for reliable income and potential capital appreciation. The article suggests that Fortis's low-risk profile and its commitment to a sustainable dividend growth strategy align well with the long-term investment goals typically associated with TFSAs.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/top-stocks/1-dividend-growth-star-perfect-for-a-tfsa/ar-AA1vhYZM ]
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