2 Dividend Stocks That Could Create $1,000 in Passive Income in 2024 – The Motley Fool Canada

Looking to generate passive income through dividend stocks? Consider investing in these two companies that have the potential to create $1,000 in passive income by 2024.

The first dividend stock to consider is Company A, which has a strong track record of consistently increasing its dividends over the years. With a stable business model and solid financial performance, Company A is well-positioned to continue growing its dividends in the future. By investing in Company A now, you could potentially earn $500 in passive income by 2024.

The second dividend stock to consider is Company B, a leading player in its industry with a history of paying out generous dividends to its shareholders. With a focus on innovation and growth, Company B is expected to continue delivering strong returns to its investors. By investing in Company B now, you could potentially earn another $500 in passive income by 2024.

Overall, both Company A and Company B present attractive opportunities for investors looking to build a steady stream of passive income through dividend stocks. By investing in these companies now and holding onto your investments for the long term, you could potentially earn $1,000 in passive income by 2024.