TFSA: Invest $14,000 in This TSX Stock and Create $725.60 in Annual Passive Income [Yahoo! Finance Canada]
Enbridge Inc (ENB)
Last enbridge inc earnings: 2/14 07:00 am
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US:NYSE Investor Relations:
enbridge.com/investment-center/dashboard
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Source: Yahoo! Finance Canada
The strategy becomes even more powerful when those investments are held within a Tax-Free Savings Account (TFSA) . Because any dividends earned or capital gains realized in a TFSA are completely tax-free, investors can keep the full value of their returns and allow their capital to compound more efficiently over time. For investors seeking passive income, focus should be on TSX stocks with dependable dividend histories. These Canadian companies generate consistent and predictable cash flows and are better equipped to maintain and grow their distributions, even during periods of market volatility. With these considerations in mind, here is a dividend-paying TSX stock that stands out as a strong investment for passive income investors. Based on its recent closing price and dividend yield, allocating $14,000 to this dividend stock could generate $725.6 in annual passive income. Top passive income stock: Enbridge Enbridge TSX:ENB ) stock is a compelling option for investors seeking
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News
- Jim Cramer on Enbridge: “It's Really for Everybody, Not Just for Retirees” [Yahoo! Finance]Yahoo! Finance
- 2 Dividend Stocks I'd Feel Good About Holding for the Next 7 Years [Yahoo! Finance Canada]Yahoo! Finance Canada
- 2 Dividend Stocks I'd Feel Good About Holding for the Next 7 Years [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- 2 Canadian Dividend Giants Worth Buying While Rates Stay Put [Yahoo! Finance Canada]Yahoo! Finance Canada
- 2 Canadian Dividend Giants Worth Buying While Rates Stay Put [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
ENB
Earnings
- 2/13/26 - Beat
ENB
Sec Filings
- 3/27/26 - Form 8-K
- 3/26/26 - Form 424B5
- 3/24/26 - Form FWP
- ENB's page on the SEC website