2 Wildly Undervalued Ultra-High-Yield Stocks to Buy Hand Over Fist
When a company's dividend yield approaches the double digits, it means one of two things. Either the market believes the payout is at risk of a reduction, or the company trades at a wildly low valuation.
Energy Transfer (NYSE: ET) and Crestwood Equity Partners (NYSE: CEQP) fall into that latter category. Because of that, these energy master limited partnerships (MLPs) look like ideal options for investors seeking lucrative passive income streams.
Energy Transfer currently offers investors a 9% yield. That's several times above the 1.7% dividend yield provided by an S&P 500 index fund. Put another way, a $1,000 investment in Energy Transfer could generate $90 of annual passive income. Meanwhile, that amount would only produce $17 of dividend income if invested in the S&P 500.
Source Fool.com
