Want $1,000 a Year in Passive Income? Here's How Much Enbridge Stock You'd Need.
This company's dividend pedigree makes it a great option for investors prioritizing reliable income -- and income growth -- over capital growth.
Overview
Could you use an extra $1,000 per year in reliable dividend income? Whether you want to spend it, invest, or tuck it away for a rainy day, most people could. And shares of a Canadian oil and gas pipeline company called Enbridge (NYSE: ENB) would be a great choice to generate this annual cash flow.
Here's a closer look at how much you'd need to own.
Details
It's an ideal business for driving dividends. Unlike the energy industry's explorers and refiners, pipeline owners like Enbridge simply get paid to push gas and oil through their pipes, charging a flat fee based on the volume of the delivery in question. As long as Americans continue consuming and exporting natural gas and crude oil, this company enjoys dividend-generating cash flow.
Source
Originally published at www.fool.com.