Passive Income Canadian Stocks
With the longest history of annual dividend increases by any publicly traded canadian company canadian utilities is a must have stock for investors seeking passive income.
Passive income canadian stocks. Top canadian financial stocks for passive income 2020 by dan kent of stocktrades ca tuesday july 28 2020 7 12 pm edt video length. As of writing manulife currently yields 6 31 the first time it has been this high. Shares of the canadian utilities are a must have for your. Our financial journey passive canadian income in a effort to stop working that traditional 9 5 and spend more time doing whatever we want we have started our journey to be financially independent.
Investors looking for stable passive income could consider buying toronto dominion bank stock. Tracking our journey with canadian dividends and other passive income sources by using our tfsa and rrsp for tax free and tax deferred purposes. It will pay out 4 85 per share for the year. To be precise canadian.
And often companies break it down into quarterly payments. Top canadian financial stocks for passive income 2020. The first detail is the dividend yield. At an annual dividend of 1 17 per share the yield is equal to 4 8 at today s stock.
A top passive income stock topping the list in terms of yield is manulife financial tsx mfc nyse mfc. Whether you re a new watcher or you ve been here before this is a channel where we go over canadian stocks and canadian stocks. Over the past 10 years telus stock is up almost 115 close to triple the returns of the canadian market. So if you are looking to generate stable passive income through dividends consider buying these top tsx stocks.
July 28 2020 july 28 2020 by dan kent the article below is a transcribed version of our latest youtube video. Let s say a company is trading at 100 per share with a dividend yield of 4 85. Canada s second largest lender by market cap has a rich history of paying dividends. So many investors are likely licking their chops at the prospect of picking up a large blue chip stock with such an eye popping yield.
As of this writing this passive income stock is yielding 8 51.