Have $21,000 Sitting in a TFSA? Here’s a Dividend Stock Worth Putting It Into

Yahoo! Finance Canada·Jun 11

✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source

Some outlets are suggesting that individuals with savings in a tax-free savings account (TFSA) consider investing in a dividend stock to generate income. The recommended investment amount varies, with some outlets mentioning $21,000 and others referencing $25,000. A dividend stock yielding 5% is being promoted as a potential option for consistent cash flow.

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Have $21,000 Sitting in a TFSA? Here’s a Dividend Stock Worth Putting It Into

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