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Wed, December 18, 2024

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[ Tue, Dec 17th 2024 ]: The Motley Fool UK

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[ Tue, Dec 17th 2024 ]: The Motley Fool Canada

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Alternative assets market in India seen growing 5 .. mes to touch $2 trillion by 2034: Avendus Capital

[ Tue, Dec 17th 2024 ]: Yahoo

Super Micro Stock Tumbles. These 2 Things Are Sinking the Server Maker's Shares.

Mon, December 16, 2024

[ Mon, Dec 16th 2024 ]: Business Insider

Stock market today: Nasdaq hits a record high as .. -cap tech surges before the Fed meeting kicks off

[ Mon, Dec 16th 2024 ]: The Globe and Mail

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[ Mon, Dec 16th 2024 ]: Business Insider

Stock market today: Indexes rise ahead of Fed's final policy meeting of the year

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New anti-woke ETF invests in companies shunning DEI policies

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[ Mon, Dec 16th 2024 ]: The Motley Fool Canada

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[ Fri, Dec 13th 2024 ]: The Motley Fool Canada

Invest $15,000 in This Dividend Stock, Create $5,710.08 in Passive Income

[ Fri, Dec 13th 2024 ]: Wall Street Journal

The Score: General Motors, Nvidia, UnitedHealth and More Stocks That Defined the Week

[ Fri, Dec 13th 2024 ]: Yahoo

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Money blog: Why the 'Santa rally' could boost you .. ments; Sainsbury's opens first ever airport store

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Invest $15,000 in This Dividend Stock, Create $5,710.08 in Passive Income

//stocks-investing.news-articles.net/content/202 .. end-stock-create-5-710-08-in-passive-income.html

Published in Stocks and Investing on Friday, December 13th 2024 at 21:01 GMT by The Motley Fool Canada
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

This dividend stock is the perfect option if you're an investor looking for growth, as well as passive income through dividends along the way.

The article from Fool.ca discusses the potential of investing in a specific dividend stock, Fortis Inc., to generate passive income. It suggests that by investing $15,000 in Fortis, an investor could achieve a significant return due to the company's stable and growing dividend payouts. Fortis, a utility company, is highlighted for its consistent dividend increases for over 50 years, making it a reliable choice for income-focused investors. The article calculates that with Fortis's current yield of around 4.2%, an investment of $15,000 would generate approximately $630 annually in dividends. Over time, with the company's history of dividend growth, this could compound to create a substantial passive income stream, potentially reaching $5,710.08 if held for a long period, assuming the dividend growth rate continues. The piece emphasizes the benefits of long-term investment in stable, dividend-growing companies for creating a passive income source.

Read the Full The Motley Fool Canada Article at:
[ https://www.fool.ca/2024/12/13/invest-15000-in-this-dividend-stock-create-5710-08-in-passive-income/ ]

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