For a Shot at $5,000/Year in Passive Income, Buy 1,000 Shares of This TSX Stock [Yahoo! Finance Canada]
TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT)
Company Research
Source: Yahoo! Finance Canada
Many Canadians invest in real estate property, rent out cars and boats, and invest time in writing a book that can earn royalty. All these can help you earn passive income , but it requires significant initial capital, high maintenance costs, and a lot of work. While you build the sources of passive income, you can invest $22,000 now and buy 1,000 shares of this TSX stock for a shot at $5,000 a year in passive income. We are talking about a 23% annual return on investment here. It is no scheme but an instrument that harnesses the power of compounding and makes money out of money. As it is equity, it does carry business risk. However, the volatility risk is relatively lower than other growth stocks. Buy 1,000 shares of this TSX stock The stock is of telecom operator Telus TSX:T ). Note that there are two stocks of Telus trading in the TSX. The other one is Telus International , which trades under the ticker TIXT. It is the technology and IT service arm of Telus and operates as a
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TIXT
News
- TELUS takes top honours in TIME Magazine's inaugural World's Most Sustainable Companies 2024 Named top Canadian communications company [Yahoo! Finance]Yahoo! Finance
- TELUS combines experience and innovation to combat the effects of climate-related emergencies and protect Canada's network infrastructure [Yahoo! Finance]Yahoo! Finance
- TELUS declares it will not use AI to create or replicate art or imagery of Indigenous Peoples [Yahoo! Finance]Yahoo! Finance
- TELUS International Becomes TELUS Digital Experience [Yahoo! Finance]Yahoo! Finance
- TELUS International Becomes TELUS Digital ExperienceBusiness Wire
TIXT
Earnings
- 5/9/24 - Beat
TIXT
Sec Filings
- 5/21/24 - Form 6-K
- 5/9/24 - Form 6-K
- 5/9/24 - Form 6-K
- TIXT's page on the SEC website