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Invest $15,000 in This Dividend Stock for $1,135 in Passive Income


Published on 2025-02-10 22:01:26 - MSN
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  • Beyond regular income, dividend stocks can provide some strong returns as well! The post Invest $15,000 in This Dividend Stock for $1,135 in Passive Income appeared first on The Motley Fool Canada.

The article from MSN Money discusses the potential for generating passive income by investing in a specific dividend stock, Fortis Inc. (TSX:FTS). It suggests that by investing $15,000 in Fortis, an investor could receive approximately $1,135 in annual passive income, based on Fortis's current dividend yield. Fortis is highlighted for its stability and reliability as a utility company, which provides essential services like electricity and gas, making it less susceptible to economic downturns. The article points out that Fortis has a long history of increasing its dividends, with 49 consecutive years of dividend growth, which supports its attractiveness for income-focused investors. Additionally, the piece mentions the stock's performance, its low beta indicating lower volatility, and the company's plans for future growth, all of which contribute to its appeal as a safe bet for passive income.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/savingandinvesting/invest-15-000-in-this-dividend-stock-for-1-135-in-passive-income/ar-AA1yMELO ]