Got $1,000? Here's How to Turn It Into a High-Octane, Passive-Income Stream.
KMIKinder Morgan(KMI) The Motley Fool·2024-09-17 17:06

Pipeline companies can produce lots of passive income.Owning dividend-paying stocks can be a great way to generate passive income. The average dividend stock yields around 1.5%. At that rate, a $1,000 investment would produce about $15 in dividend income each year. You can supercharge your dividend income by investing in stocks with higher-dividend yields. Pipeline stocks are great for those seeking a higher-octane income stream. Kinder Morgan (KMI 1.56%), Williams (WMB 0.91%), and Oneok (OKE 2.53%) are thr ...