Long-term investors buy dividend stocks for extra income in the present or active income in the future. Canadians have foundations like the Canada Pension Plan (CPP) and Old Age Security (OAS) when they retire. Both pensions are guaranteed income for life, but they’re not enough to give you the quality of life you desire in retirement.
The remedy to fill the income gap is to invest in dividend-paying companies that can fund 20, 30, or more years of retirement. On the TSX , you can buy and accumulate shares of the Bank of Montreal (TSX:BMO) (NYSE:BMO) , BCE (TSX:BCE) (NYSE:BCE) […]
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