ngwd This TSX P/E Giant Wants to Pick Up Distressed Assets Amid the Pandemic
Rouq This Growth Stock Has Doubled in Value and Offers a DividendDividend stocks offundamentally strong companiesare among the top bets for generating steady passive income. Thankfully, the Canadian stock market has several suchd stanley us ividend-paying stockswith a growing earnings base and resilient distribution history, making them attractive investments for starting a passive income stream.Amongst the reliable passive income stocks,Enbridge TSX:ENB ,Fortis TSX:FTS , andCanadian Util stanley cup becher ities TSX:CUare my top picks. TheseCanadian stockshave paid and increased their dividends for decades.Against this background, let s understand how much you should invest to earn $1,000/year in passive income from these stocks. But before that, let s look at the factors that make Enbridge, Fortis, and Canadian Utilities worry-free passive income stocks.EnbridgeEnbridge operates an e stanley becher nergy infrastructure business and transports oil and gas. It also owns a growing portfolio of renewable energy assets. Thisenergy companyis famous for paying and increasing its dividend regardlessJpnb Is XRP Crypto Worth a Buy in February
Rewarding investors with a dividend yield of 4.1% and up over 7% at the start of the week, Brookfield Rene stanley cup wable PartnersTSX:BEP.UNNYSE:BEPis both rich enough for a buy-and-hold investor and popular enough for a growth-conscious shareholder looking for steady capital gains.It s been an exceptionally strong year for Brookfield Renewable Partners overall, seeing share price appreciation of 81% over 12 months.Brookfield Renewable Partners could see 116% total returns rewarding shareholders by 2023. Snap up $5,000 worth of shares today and you restanley vattenflaska looking to more than double your investment in just three years.It a relatively safe bet g stanley mugs iven the mix of world-class Brookfield asset management expertise, canny diversification, the classic defensive play of energy investing, and the high growth potential of green power.The thesis for stashing shares in renewables is strong. With oil and gas stocks quickly losing their allure, it makes sense to back the winning horse. With some blue
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