Retirees: Supplement Your CPP Payments With These 2 Dividend Stocks [Yahoo! Finance Canada]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: Yahoo! Finance Canada
According to the Canada Revenue Agency, the average CPP (Canada Pension Plan) payment for a 65-year-old starting the payout is $816.52 in 2024. Comparatively, the maximum CPP payment stands at $1,364.60, both of which are not enough to lead a comfortable life in retirement. It's evident that Canadian retirees should have alternate passive income streams to supplement their CPP payments. A low-cost way to add a recurring and stable income stream is to invest in blue-chip dividend stocks. Here are two such TSX dividend stocks you can buy right now and earn passive income for life. Brookfield Renewable Energy stock Valued at $22.4 billion by market cap Brookfield Renewable TSX:BEP.UN ) offers you a tasty dividend yield of 5.7%. The TSX dividend stock has underperformed the broader markets in recent years, as interest rate hikes have raised the cost of debt significantly for capital-intensive companies, including Brookfield. ADVERTISEMENT In the first quarter (Q1) of 2024, Broo
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MELI
News
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MELI
Earnings
- 8/1/24 - Beat
MELI
Sec Filings
- 8/27/24 - Form 4
- 8/19/24 - Form 4
- 8/16/24 - Form 4
- MELI's page on the SEC website