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Invest $1,500 Every Month and Create $2,454.72 in Passive Income From 1 Dividend Stock

The article from MSN Money discusses the potential of investing in a single dividend stock, specifically Enbridge, to generate passive income. It suggests that by investing $1,500 every month into Enbridge stock, an investor could accumulate significant passive income over time due to the company's high dividend yield, which was around 7.7% at the time of writing. Enbridge, known for its extensive pipeline network and energy infrastructure, has a history of increasing its dividends, making it an attractive option for those seeking reliable income streams. The article highlights that with consistent investment, the power of compounding could lead to substantial returns, projecting that after several years, the monthly investment could translate into an annual passive income of $2,454.72 from dividends alone, assuming the dividend yield and stock price remain stable or grow. However, it also notes the risks involved, such as changes in energy sector regulations, environmental concerns, and market volatility.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/topstories/invest-1-500-every-month-and-create-2-454-72-in-passive-income-from-1-dividend-stock/ar-AA1xckOu ]