Got $1,000? This Elite High-Yielding Dividend Stock Could Turn It Into More Than $70 of Annual Passive Income.
EPDEnterprise Products Partners L.P.(EPD) The Motley Fool·2024-08-27 17:23

Enterprise Products Partners is an excellent passive income producer.There are no sure things in investing. However, Enterprise Products Partners (EPD 0.34%) has been as bankable as they come. The master limited partnership (MLP) has increased its cash distribution to investors every year since its initial public offering (26 years in a row). The MLP's payout currently yields more than 7%. At that rate, it could turn a 1,000investmentintoamore−than−1,000 investment into a more-than-70 annual passive income stream. That big-time income ...