Supercharge Your Passive Income in 2023 With This Ultra-High-Yield Dividend
While it takes money to make money, some investments enable you to supercharge your returns. One of those is MPLX (NYSE: MPLX). The midstream master limited partnership (MLP) currently offers a 9.5% distribution yield. That's several times above the S&P 500's 1.7% dividend yield.
Put another way, a $1,000 investment in MPLX would produce roughly $95 of passive income in 2023. For comparison, putting that same amount in an S&P 500 index fund would only yield about $17 of dividend income next year.
Even better, MPLX's massive payout will likely continue rising in 2023. That makes it a great way to energize your passive income in the new year.
Source Fool.com
