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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   Print publication without navigation

  • 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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