How to Earn $1,000 a Year from Energy Transfer Stock
The MLP pays quite a generous dividend.
Overview
One of the better ways for income investors to profit from the energy sector is by snapping up shares of a pipeline company. And one of the more appealing pipeline plays is Energy Transfer (NYSE: ET), which transports crude oil and its refined products, plus natural gas.
Energy Transfer is structured as a master limited partnership (MLP). A great benefit of owning units (not shares) in an MLP is the high-yield distributions -- i.e., dividends -- they tend to pay. Sure enough, Energy Transfer's payout is generous enough to generate $1,000 in annual income with relatively few units.
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Originally published at www.fool.com.
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