MPLX - Supercharge Your Passive Income With These 9%-Yielding Dividend Stocks
2023-07-08 10:49:00 ET
Master limited partnerships (MLPs) can be phenomenal passive-income investments. They typically generate stable cash flow, most of which they distribute to their investors. Because of that, they often offer very high dividend yields .
Crestwood Equity Partners (NYSE: CEQP) and MPLX (NYSE: MPLX) stand out among MLPs for their big-time payouts. With yields over 9%, they can put a charge in your passive income.
Crestwood Equity Partners currently yields 9.9%. At that rate, the midstream company can turn a $1,000 investment into nearly $100 of annual passive income.
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Supercharge Your Passive Income With These 9%-Yielding Dividend Stocks