How Splitting $30,000 Across 3 TSX Stocks Could Generate $2,820 in Annual Dividend Income

Allocate $10,000 each into Timbercreek Financial (TSX:TF), Fiera Capital (TSX:FSZ), and Telus (TSX:T) today, and you would collect close to $2,820 in dividends over the next 12 months.

Here is the appeal of high-yield dividend stocks. You buy shares once, then the cash keeps showing up in your account. For an investor building a low-cost passive income stream, that is about as hands-off as it gets.

How the $30,000 split turns into $2,820 a year

Let’s see how investing $30,000 split evenly between the three TSX dividend stocks can help you earn close to $3,000 in annual dividends over the next 12 months.

COMPANY	RECENT PRICE	NUMBER OF SHARES	DIVIDEND	TOTAL PAYOUT	FREQUENCY
Timbercreek Financial	$6.56	1,524	$0.058	$88.33	Monthly
Telus	$17.35	576	$0.418	$241	Quarterly
Fiera Capital	$5.39	1,855	$0.108	$200	Quarterly

Timbercreek pays the most. At a recent price near $6.56 and an annual dividend of $0.69 per share, the yield sits around 10.5%.

You can purchase 1,524 Timbercreek shares with $10,000 and earn $1,060 a year in annual dividends. Notably, Timbercreek pays you a monthly dividend of $0.058 per share.

Telus stock is priced at $17.35 and pays a quarterly dividend of $0.42, which translates to a yield of 9.6%. You can own 576 Telus shares with $10,000 and generate $962 in annual dividends.

The third stock on the list is Fiera Capital, which pays a quarterly dividend of $0.11 per share, yielding almost 8%. You can own 1,855 shares of Fiera and generate $800 in annual dividends.

Add the three together, and you land at roughly $2,820 in yearly dividends, or an average yield of 9.4%.

Timbercreek Financial keeps paying each month

Timbercreek is a mortgage lender providing short-duration loans to commercial real estate borrowers across Canada.

The company has paid a dividend for 11 straight years and offers you exposure to the real estate lending sector.

Given consensus price targets, Timbercreek stock trades at a 7% discount in June 2026. If we adjust for dividends, cumulative returns could be closer to 18%.

Fiera Capital is a private markets stock

Fiera is an asset manager and ended Q1 with $160.2 billion in assets under management.

It reported an adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $42.7 million in Q1 and lowered operating expenses by 7% year over year. The private markets segment now accounts for 37% of revenue while holding just 14% of assets.

Given consensus price targets, Fiera stock trades at a 15% discount in June 2026. If we adjust for dividends, cumulative returns could be closer to 23%.

Telus is the steady blue chip of the group

Telus is among the largest telecom companies in North America. The blue-chip stock is down 50% from all-time highs, allowing shareholders to buy the dip and benefit from an elevated yield of almost 10%.  

Telus declared a quarterly dividend of $0.42 per share in May, payable July 2, according to a company statement.

The company has a long record of raising its payout, though management has cautioned that future increases have been suspended.

Telus is also spending heavily in capital expenditures, committing over $24 billion to network expansion in Ontario, which will impact near-term cash flow

The Foolish takeaway

For an investor focused purely on income, this trio of Canadian stocks offers diversification and a steady income stream. A blended 9.4% yield on $30,000 is attractive compared to the TSX index yield of less than 3%.

If steady passive income is your goal, these three deserve a spot on your watch list. Just go in with your eyes open, size the positions sensibly, and remember that a 9% yield is the market telling you to read the fine print.

The post How Splitting $30,000 Across 3 TSX Stocks Could Generate $2,820 in Annual Dividend Income appeared first on The Motley Fool Canada.

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More reading

• How to Convert $25,000 in TFSA Savings Into Reliable Cash Flow
• How to Use a TFSA to Bring in $500 a Month — Completely Tax-Free
• 2 Canadian Stocks Built for the Data Centre Boom
• Why I’d Choose This Dividend Stock Over Telus or BCE Any Day
• Forget Telus: A Cheaper Dividend Stock With More Growth Potential

Fool contributor Aditya Raghunath has no position in any of the stocks mentioned. The Motley Fool recommends Fiera Capital and TELUS. The Motley Fool has a disclosure policy.