Energy Transfer (NYSE: ET) is a prodigious income producer. The master limited partnership (MLP) currently makes quarterly distribution payments to its investors of $0.3175 per unit ($1.27 annualized). That puts its yield up over 8% at the MLP's recent unit price, much higher than the S 500's roughly 1.3% dividend yield. Energy Transfer's higher yield enables investors to generate more income for every dollar they invest.

Here's a look at how much you need to invest in the MLP to receive $500 in cash distributions each year.

At Energy Transfer's current annualized payment rate, you'd need to own 394 units of the company to receive $500 in cash distributions each year. With its unit price recently around $15.50 apiece, you'd need to invest a little over $6,100.

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Source Fool.com