Invest $19,769 in This Stock for $100 per Month in Passive Dividend Income [Yahoo! Finance Canada]
First National Corporation (FXNC)
NASDAQ:AMEX Investor Relations:
ir.fbvirginia.com
Company Research
Source: Yahoo! Finance Canada
Are you looking for a high dividend stock that can provide you with at least $100 per month in passive income? If so, you're in luck. The TSX is replete with high yield stocks that can stuff your account with cash, and if you hold such stocks in a TFSA, you pay no taxes on them. With that said, not all stocks pay monthly dividends. Most pay quarterly. To find a high yield stock that pays monthly and is also a good investment would normally take some digging. Fortunately, I've found a monthly pay stock idea that might just be worth it. In this article, I'll share it with you. First National First National Financial TSX:FN ) is a Canadian non-bank lender. Its shares cost $40.33 and pay a $0.204167 monthly dividend. That's $2.45 per year. So, the yield is approximately 6.07%. In order to get $100 per month from a stock yielding 6.07%, you need to invest $19,769. If you are 33 or older and have never made a TFSA contribution before, that's less than 25% of the sum you can inv
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News
- A second bank has failed in 2024. Here's why it's important to bank at a federally-insured bank [Yahoo! Finance]Yahoo! Finance
- Sunflower Bank, N.A. Announces 2024 Community Partner Award Recipients [Yahoo! Finance]Yahoo! Finance
- Federal Home Loan Bank of Atlanta Announces 2024 Director Election Results [Yahoo! Finance]Yahoo! Finance
- How to Use Your TFSA to Make $5,985/Year in Tax-Free Income [Yahoo! Finance Canada]Yahoo! Finance Canada
- First National And 2 Other US Dividend Stocks To Boost Your Portfolio [Yahoo! Finance]Yahoo! Finance
FXNC
Earnings
- 7/31/24 - Beat
FXNC
Sec Filings
- 10/8/24 - Form 13F-HR
- 10/4/24 - Form 4
- 10/4/24 - Form 3
- FXNC's page on the SEC website