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Stock impact report

Build a Robust Passive-Income Portfolio With Just $31,560 [Yahoo! Finance Canada]

Rogers Communication, Inc. (RCI) 
Last rogers communication, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.rogers.com
Dividend investing is a proven strategy for laid-back investors to create extra income streams. However, long-term investors' success in building a robust passive income portfolio depends mainly on the choice of investments. The TSX is trending upward in December, and it's a good time to start a money-making activity. Communications services is the only primary sector out of 11 that is in red territory. Nonetheless, an industry giant remains a solid anchor in an investment portfolio. At $37.79 per share (-22.8% year-to-date), BCE TSX:BCE ) trades at a discount but pays a mouth-watering 10.4% dividend yield. Given the over-the-top dividend offer, you can produce $3,275.93 in passive income yearly ($818.98 quarterly). All you need is $31,560 to set things in motion. The investment amount is equivalent to the maximum Registered Retirement Savings Plan (RRSP) contribution limit for the tax year 2024. Primary consideration Most Canadians invest in BCE for its hefty dividend payout Show less Read more
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