Invest $21,000 in 1 Dividend Stock and Create $1,224 in Passive Income

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Mon, January 20, 2025

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Invest $21,000 in 1 Dividend Stock and Create $1,224 in Passive Income

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Best blue-chip ETFs to buy for a SWAN and rich retirement

Invest $21,000 in 1 Dividend Stock and Create $1,224 in Passive Income

//stocks-investing.news-articles.net/content/202 .. nd-stock-and-create-1-224-in-passive-income.html

Published in Stocks and Investing on Friday, January 17th 2025 at 10:41 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

This one dividend stock is a great option for those looking toward the future, with growth opportunities and dividends on deck. The post Invest $21,000 in 1 Dividend Stock and Create $1,224 in Passive Income appeared first on The Motley Fool Canada.

The article from MSN Money discusses the potential of investing in dividend stocks to generate passive income. It highlights a specific scenario where an investor could invest $21,000 in a stock yielding a 5.83% dividend, which would generate approximately $1,224 in annual passive income. The article explains the benefits of dividend investing, such as providing a steady income stream without selling the underlying asset, and emphasizes the importance of choosing stocks with a history of stable or increasing dividends. It also touches on the concept of reinvesting dividends to compound returns over time, although it does not delve into specific stock recommendations or detailed financial analysis.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/savingandinvesting/invest-21-000-in-1-dividend-stock-and-create-1-224-in-passive-income/ar-AA1xnKss ]

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