Want $1,000 in Annual Passive Income? Invest $14,000 in This High-Yielding Energy Stock Right Now.
The extra tax-preparation step is worth holding this high-yield stock.
Want $1,000 in Annual Passive Income? Invest $14,000 in This High-Yielding Energy Stock Right Now.
Overview
There are many forms of passive income, but the main one for stock investors is dividends. It's a way for investors to be rewarded simply for holding a stock. The amount that stocks pay out varies widely, but if you're looking for a high-yield option, it's worth considering Energy Transfer (NYSE: ET).
At the time of writing, Energy Transfer's distribution yield is 7.1%, with an average of 7.4% over the past five years. Yields fluctuate as stock prices change, but if you invested $14,000 in Energy Transfer and it averaged a yield of just over 7.14%, it would pay out $1,000 annually. If it continued its five-year average, you would only need to invest around $13,514.
Image source: The Motley Fool.
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Originally published at www.fool.com.
