My Top High-Yield Energy Stock to Buy in September (and It's Not Even Close)
If you bought Kinder Morgan (NYSE: KMI) stock at the beginning of 2019 for $15.20 a share, you would have earned more than a 32% return off dividends alone. But that's about it, seeing as the stock price is up just 8.4% over that time frame compared to a 79% gain for the S&P 500.
So why buy a stock that continues to underperform the market? The easiest answer is that you might make that choice if you aren't investing in the hopes of accruing outsized returns, but rather to generate a stable and steady passive income stream that can be used to supplement your income in retirement.
Kinder Morgan may lack the flare that comes with higher growth companies. But it can be just what you need to achieve your financial goals while also helping you sleep well at night. Here's why it stands out as a top high-yield dividend stock to buy now.
Source Fool.com
