This High-Yield Dividend Stock Is My Top Passive-Income Machine for 2023 and Beyond
Kinder Morgan (NYSE: KMI) is one of the largest natural gas, oil, and carbon dioxide infrastructure companies in North America. It isn't the flashiest business, but it plays an integral role in energy transportation and storage.
The bigger opportunity involves the company's investments in liquefied natural gas (LNG). Demand for LNG is growing as energy-dependent countries increasingly turn to the energy source as a cleaner and equally reliable alternative to coal and oil.
Kinder Morgan has an industry-leading existing core business and plenty of opportunities for multidecade growth. Pair that balance with a 6.1% dividend yield, and you have a passive-income machine that you can count on for years. Here's why it is a high-yield dividend stock worth considering now.
Source Fool.com
