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1 TSX Stock to Invest $20,000 and Create $835.80 in Passive Income


Published on 2025-02-23 09:21:19 - MSN
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  • If you want passive income, you want security. And you can get it with this top-notch dividend stock. The post 1 TSX Stock to Invest $20,000 and Create $835.80 in Passive Income appeared first on The Motley Fool Canada.

The article from MSN Money discusses investing in a TSX stock, specifically Canadian Apartment Properties REIT (TSX:CAR.UN), to generate passive income. It suggests that by investing $20,000 in this stock, which offers a monthly distribution, an investor could achieve an annual yield of about 3.14%, equating to $626.80 in passive income per year. Over time, with the stock's history of increasing distributions, this could grow to $835.80 annually. The article highlights the benefits of REITs, which are required to distribute most of their income as dividends, making them attractive for income-focused investors. It also mentions the stability and growth potential of the real estate sector, particularly in residential properties, as a reason for considering this investment.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/top-stocks/1-tsx-stock-to-invest-20-000-and-create-835-80-in-passive-income/ar-AA1zC14K ]
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