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Buy 2,653 Shares of This Top Dividend Stock for $10K in Annual Passive Income

Buy 2,653 Shares of This Top Dividend Stock for $10K in Annual Passive Income


Published on 2024-12-13 10:01:19 - MSN
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  • Enbridge is a blue-chip TSX dividend stock that offers shareholders a forward yield of 6%. Is it still a good buy? The post Buy 2,653 Shares of This Top Dividend Stock for $10K in Annual Passive Income appeared first on The Motley Fool Canada.

The article from MSN Money discusses investing in Enbridge Inc., a prominent Canadian energy infrastructure company, to generate passive income. It highlights that by purchasing 2,653 shares of Enbridge at its current price, an investor could potentially earn $10,000 annually in dividends, given Enbridge's current dividend yield. The piece explains Enbridge's business model, which involves transporting oil and gas, and its consistent dividend growth over the years, making it an attractive option for income-focused investors. It also mentions the company's strategic investments in renewable energy, suggesting a sustainable approach to its future operations. However, the article does not delve into potential risks or the stock's volatility, focusing instead on the allure of its high dividend yield and the stability of its cash flows.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/savingandinvesting/buy-2-653-shares-of-this-top-dividend-stock-for-10k-in-annual-passive-income/ar-AA1vOjNW ]
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