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Invest $30,000 in 2 TSX Stocks and Create $611.52 in Dividend Income


Published on 2025-01-06 22:01:06 - MSN
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  • Dividend income doesn't have to be difficult. These two investments offer growth, but you can lock up some dividends each and every year. The post Invest $30,000 in 2 TSX Stocks and Create $611.52 in Dividend Income appeared first on The Motley Fool Canada.

The article from MSN Money discusses an investment strategy focused on generating passive income through dividends by investing in two TSX-listed stocks: Enbridge Inc. (TSX:ENB) and BCE Inc. (TSX:BCE). It suggests that by investing $30,000 equally into these stocks, an investor could achieve a dividend yield of approximately 7.3%, resulting in $611.52 in quarterly dividend income. Enbridge, known for its energy infrastructure, offers a high yield due to its stable cash flows from long-term contracts, while BCE, a major player in telecommunications, provides a reliable dividend with a history of increases. The article highlights the benefits of these stocks for income-focused investors, emphasizing their stability, consistent dividend payouts, and potential for capital appreciation, despite the inherent risks associated with market fluctuations and sector-specific challenges.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/top-stocks/invest-30-000-in-2-tsx-stocks-and-create-611-52-in-dividend-income/ar-AA1x4GOv ]