Got $1,000? This Elite High-Yielding Dividend Stock Could Turn It Into More Than $70 of Annual Passive Income.
There are no sure things in investing. However, Enterprise Products Partners (NYSE: EPD) has been as bankable as they come. The master limited partnership (MLP) has increased its cash distribution to investors every year since its initial public offering (26 years in a row).
The MLP's payout currently yields more than 7%. At that rate, it could turn a $1,000 investment into a more-than-$70 annual passive income stream. That big-time income stream should continue rising in the future. These features make it an excellent investment option for those desiring income and who are comfortable with receiving a Schedule K-1 federal tax form that MLPs like Enterprise send to their investors each year.
Enterprise Products Partners operates a diversified portfolio of midstream assets. These businesses generate very stable cash flow, with most coming from long-term, fixed-rate contracts and government-regulated rate structures. Over the last 12 months, the MLP has produced $8.4 billion of adjusted cash flow from operations.
Source Fool.com
MLP SE Stock
Currently there is a rather positive sentiment for MLP SE with 4 Buy predictions and 0 Sell predictions.
With a target price of 10 € there is a hugely positive potential of 72.12% for MLP SE compared to the current price of 5.81 €.
