Energy Transfer (NYSE: ET) is an income powerhouse. The master limited partnership (MLP) offers a yield of over 7%, significantly higher than the S&P 500‘s 1.2%. The midstream company supports that payout with stable and steadily rising cash flow.
These features make the MLP an appealing option for those who are seeking a growing passive income stream and are comfortable receiving the Schedule K-1 Federal Tax Form it sends investors each year.
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