How to Earn $250 a Month From Energy Transfer Stock
How much capital do you need to gross $250 a month in distributions from an Energy Transfer position?
Overview
Energy Transfer (NYSE: ET) is one of the largest U.S.-listed master limited partnerships (MLPs) specializing in the ownership of pipelines and other midstream energy assets. Based on current prices, Energy Transfer has a forward distribution yield of 6.64%.
In other words, add up its quarterly cash distributions and divide by the current stock price, and you'll get approximately this figure. Considering this, let's run the numbers and see how many shares of this pipeline stock you'd need to own in order to earn $250 monthly.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.