Want $1,000 in Passive Income? Invest $3,000 in This High-Yield Energy Stock and Wait 6 Years.
High-yield dividend stocks can be an investor's best friend when the market is selling off. But even a high yield is no match for big gains in the broader indexes -- as we saw in 2023 and so far this year.
However, long-term income investors know that dividend investing isn't about outperforming the market in a given year but collecting a steady stream of predictable passive income that can be useful for financial planning or supplementing income in retirement.
Pipeline and energy infrastructure giant Kinder Morgan (NYSE: KMI) is hovering around a four-year high. With a 5.8% yield, investing $3,000 in Kinder Morgan and waiting six years should produce at least $1,000 in passive income. Here's why Kinder Morgan is an excellent dividend stock to buy now.
Source Fool.com
