How to Earn $1,000 a Month From Enterprise Products Partners Stock
The midstream operator has increased its dividend for 28 years.
Overview
Enterprise Products Partners (NYSE: EPD) is a stable midstream energy company with a high-yielding dividend. Investors looking for income are attracted to the stock because it has consistent cash flows that support its dividend, which, at its current share price, yields around 5.58%.
Enterprise avoids direct commodity price volatility by operating as a toll road for energy rather than betting on oil and gas prices. Instead of relying on commodity markets, the company earns steady revenue by owning the vital infrastructure needed to transport, process, and store energy products, including over 50,000 miles of pipelines, 300 million barrels of liquid storage, and major marine export terminals.
If you were looking to earn $12,000 a year, or the equivalent of $1,000 a month, you would need to buy 5,357 shares of the stock. At its current price of $39.14 per share, you would need to shell out $209,672.98 to buy that many shares.
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Source
Originally published at www.fool.com.