3 Ultra-High-Yield Dividend Stocks to Buy for Boatloads of Passive Income

Higher interest rates are making it much easier to find passive income investments. For example, many bonds and bank CDs currently offer yields of around 5%.

However, those attractive passive income streams might not last very long if interest rates fall. On the other hand, many dividend-paying stocks offer attractive income streams they should be able to sustain for the long haul. Energy Transfer (NYSE: ET)Crestwood Equity Partners (NYSE: CEQP), and  (NYSE: MPLX) stand out for their big-time (and sustainable) payouts. That makes them ideal investments for those seeking lots of enduring passive income.

Energy Transfer currently yields an eye-popping 9.6%. The master limited partnership (MLP) generates plenty of cash to cover its big-time payout. It produced $2 billion of distributable cash flow in the first quarter, covering its payout with $965 million left over. That gave it enough money to fund its entire growth capital program ($407 million), with plenty of room to spare. This excess cash allowed the midstream company to pay down more debt, pushing its leverage ratio toward the lower end of its target range of 4.0 times to 4.5 times.

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Source Fool.com