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Invest $10,000 in This Dividend Stock for $2,430.12 in Passive Income


//stocks-investing.news-articles.net/content/202 .. vidend-stock-for-2-430-12-in-passive-income.html
Published in Stocks and Investing on Tuesday, January 14th 2025 at 17:21 GMT by MSN   Print publication without navigation

  • This dividend stock has proven time and again it's a safe, reliable stock that still has the power to explode in price. The post Invest $10,000 in This Dividend Stock for $2,430.12 in Passive Income appeared first on The Motley Fool Canada.

The article from MSN Money discusses the potential of investing $10,000 in a specific dividend stock, Enbridge Inc., to generate passive income. Enbridge, a major player in the energy infrastructure sector, offers a high dividend yield of 7.6%. If an investor were to buy shares at the current price, they could expect to receive approximately $760 in annual dividends from a $10,000 investment. Over 32 years, assuming the dividend yield remains constant and dividends are reinvested, this investment could grow to provide an annual passive income of $2,430.12. The article highlights Enbridge's stable business model, its history of increasing dividends, and its diversified revenue streams as reasons why it could be a reliable choice for long-term passive income. However, it also notes the risks associated with the energy sector, including regulatory changes and environmental concerns, which could impact future dividends.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/savingandinvesting/invest-10-000-in-this-dividend-stock-for-2-430-12-in-passive-income/ar-BB1rsdDK ]

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