What does it take to generate passive income? There are two essential ingredients. First, you need up-front money to invest. Second, you need an investment that regularly pays you.

The good news is that many investment alternatives pay you for owning them. There's one, in particular, that ranks among the best options, in my view. This high-yield dividend stock is a monster passive income machine.

Enterprise Products Partners (NYSE: EPD) is a leading midstream energy company. It was founded in 1998 and is based in Houston.

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Source Fool.com