Building passive income through the stock market can be both rewarding and simple, especially if you focus on dividend-paying companies with strong fundamentals. One of the more compelling opportunities on the TSX right now is Headwater Exploration (TSX: HWX). With a reliable dividend and solid operations, it’s an energy stock that could help your portfolio do a lot of the heavy lifting. And if you’re sitting on $20,000 to invest, Headwater might be the perfect place to put it to work.
What you could make
Let’s break it down. Headwater Exploration is a junior oil and gas company that’s been gaining attention for its consistent returns and focused growth strategy. The passive income stock is currently trading around $5.79. It pays a quarterly dividend of $0.11 per share, which works out to an annual dividend of $0.44. That gives it a dividend yield of about 7.6%. So, what does that mean for your…
