Invest $20,000 in 2 TSX Stocks for $3,442.44 in Passive Income

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Invest $20,000 in 2 TSX Stocks for $3,442.44 in Passive Income

^{Published on 2025-01-24 16:21:09 - MSN}

Do you want passive income in 2025? Then consider picking up these two top TSX stocks. The post Invest $20,000 in 2 TSX Stocks for $3,442.44 in Passive Income appeared first on The Motley Fool Canada.

The article from MSN Money discusses an investment strategy focused on generating passive income through two TSX-listed stocks: Enbridge Inc. (TSX:ENB) and Bank of Nova Scotia (TSX:BNS). It suggests that by investing $20,000 equally into these stocks, an investor could potentially earn $3,442.44 in annual passive income. Enbridge, known for its extensive pipeline network and energy infrastructure, offers a high dividend yield due to its stable cash flows, while Bank of Nova Scotia, one of Canada's major banks, provides a reliable dividend payout with a history of increasing dividends. The article highlights the benefits of these stocks for their consistent dividends, stability, and the potential for capital appreciation, making them attractive for investors seeking income alongside growth.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/top-stocks/invest-20-000-in-2-tsx-stocks-for-3-442-44-in-passive-income/ar-AA1xOAPQ ]

N@N

Invest $20,000 in 2 TSX Stocks for $3,442.44 in Passive Income