The Ultimate High-Yield Passive Income Stock to Buy for 2023
After a brutal 2022, the biggest fear for investors in stocks right now is a slowdown, or even a recession, in 2023. Yet, high-yield stocks that could not only generate steady passive income but even give you a dividend raise in a downturn should hugely help allay your fears.
Oil and gas giant Enterprise Products Partners (NYSE: EPD) is one such dividend whopper, yielding 7.9%, which has generated huge total returns for income investors over the years. Going by what lies ahead for the company in 2023, it could be the ultimate passive income stock to buy for 2023. Here's why.
Source Fool.com
