Image source: Getty Images
Canadian investors love their dividend stocks. And it’s clear why. You receive passive income, in some cases, almost immediately from the purchase of these companies. Yet, in this case, many investors can overlook another important passive-income factor — and that’s returns.
Today, we’re going to look at a dividend stock that simply gushes with passive income. Whether it’s the company’s dividend or its higher-than-average returns, it’s the perfect purchase on the TSX today.
How to beat the TSX
First off, what should investors consider if they want to beat the TSX today? Beating the performance of the TSX typically refers to achieving higher returns on an investment portfolio compared to the performance of the Toronto Stock Exchange (TSX) Composite Index.
The TSX Composite Index is a benchmark index that tracks the performance of the stock prices of the largest companies listed on the…
