Would You Like $3,000 in Passive Income Each Year? Buy 2,239 Shares of This Top High-Yield Dividend Stock.
A strong dividend yield is a great starting point, but that's only half of the matter. Sustainability and dividend growth is the other half.
Overview
Do you need reliable passive investment income? Dividend stocks are arguably your best bet. Although you can do pretty well with bonds, too, most high-quality, higher-yield dividend stocks regularly raise their payouts. Bonds don't.
And if you're looking for a great one to own right now, consider buying a piece of oil and gas pipeline operator Energy Transfer (NYSE: ET) while its forward-looking dividend yield is right at 7%. A $42,500 purchase of 2,239 shares will generate $3,000 in annual -- and growing -- dividend income.
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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.