Stocks and Investing Stocks and Investing
Wed, January 15, 2025
Tue, January 14, 2025
Mon, January 13, 2025
Sun, January 12, 2025
Sat, January 11, 2025
Fri, January 10, 2025
Thu, January 9, 2025
[ Thu, Jan 09th ] - Kiplinger
The Best Bank ETFs to Buy
Wed, January 8, 2025
Tue, January 7, 2025
Mon, January 6, 2025
Sun, January 5, 2025
Sat, January 4, 2025
Fri, January 3, 2025
[ Fri, Jan 03rd ] - MSN
3 Vanguard ETFs to Buy in 2025
[ Fri, Jan 03rd ] - MSN
How Money Can Make More Money
Thu, January 2, 2025
Wed, January 1, 2025

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


//stocks-investing.news-articles.net/content/202 .. -72-in-passive-income-from-1-dividend-stock.html
Published in Stocks and Investing on Wednesday, January 8th 2025 at 18:01 GMT by MSN   Print publication without navigation

  • This top dividend stock also comes with massive returns. Invest regularly, and watch the cash come in. The post Invest $1,500 Every Month and Create $2,454.72 in Passive Income From 1 Dividend Stock appeared first on The Motley Fool Canada.

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 ]

Publication Contributing Sources