This Dividend Stock Offers Massive Passive Income Potential
Investing in dividend-paying companies is one of the many ways to earn passive income. Most dividend stocks distribute a fixed amount of their income to investors each quarter. Because of that, shareholders can sit back and collect a relatively predictable passive income stream.
Oil producer Pioneer Natural Resources (NYSE: PXD) takes that a step further. It complements its fixed base quarterly dividend with a variable payout based on its cash flows. As oil prices rise, so do its cash flows and variable dividend payments. With crude oil prices recently in the triple digits, Pioneer Natural Resources could pay out a massive amount of dividend income this year. That makes it a great stock for investors seeking a high upside passive income stream.
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Source Fool.com
