1 Top Ultra-High-Yield Stock to Buy for Passive Income in December
Companies with higher dividend yields can be great options for those seeking to generate passive income. It enables them to produce more income per dollar invested.
For example, $1,000 invested in energy infrastructure giant Enterprise Products Partners (NYSE: EPD) could produce $77 of annual passive income, thanks to its 7.7% yield. For comparison, that same $1,000 would only generate $16 of passive income in an S&P 500 index fund, given its 1.6% dividend yield. That ultra-high-yielding payout makes it a great option for income-seeking investors to consider buying this month.
High-yield dividend stocks often have a higher risk profile. However, that's not the case with Enterprise Products Partners. Quite the contrary, because the master limited partnership (MLP) has a low-risk business model.
Source Fool.com
