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Invest $6,000 in This Dividend Stock for $933.32 in Passive Income


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  Power Corporation of Canada (TSX:POW) keeps making headlines for good reason. The post Invest $6,000 in This Dividend Stock for $933.32 in Passive Income appeared first on The Motley Fool Canada.

The article from MSN Money discusses the potential benefits of investing in a specific dividend stock, Fortis Inc., to generate passive income. It suggests that by investing $6,000 in Fortis, an investor could receive $933.32 in annual passive income, based on Fortis's current dividend yield. Fortis is highlighted for its stability and reliability as a utility company with a long history of paying dividends, having increased its dividend for 50 consecutive years. The article explains that Fortis's business model, which involves regulated utility operations, provides predictable cash flows, making it an attractive option for those seeking steady income. It also mentions the stock's performance, its low volatility, and the company's commitment to future dividend growth, making it a compelling choice for dividend investors looking to build a passive income stream.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/savingandinvesting/invest-6-000-in-this-dividend-stock-for-933-32-in-passive-income/ar-AA1xFcts ]

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