Investing in dividend stocks can be a great way to make passive income. On average, every $1,000 you invest will produce about $15 of dividend income each year (based on the S&P 500 's current dividend yield of around 1.5%).
Lock in monthly income from recession-resistant preferreds trading at deep discounts to par. Earn a well-covered 11% yield from a conservatively run business. Get paid 8% from a blue-chip with a strong growth profile.
Income investors can look at the proverbial glass of water as half-full amid intense stock market volatility. The turbulence presents great opportunities to scoop up shares of companies that pay solid dividends.
With the market fluctuating and still generally under pressure, now is a great time to look for stocks that you can buy and hold for a very long time. One name at the top of my list would be Energy Transfer (ET 1.64%).
The latest trading day saw Energy Transfer LP (ET) settling at $17.11, representing a +1.72% change from its previous close.
Energy Transfer LP investors should have realized that it isn't immune to market volatility despite its fee-based business model. Trade uncertainties, OPEC+ production raise, and potential stagflation/recession scenarios have added to the stress facing energy investors. Yet, ET's solid fundamentals, and an 8.2% forward distribution yield, provide confidence for investors to buy the recent crash.
Energy Transfer (ET 1.35%) has been working to convert its Lake Charles facility in Louisiana from natural gas imports to a liquefied natural gas (LNG) export terminal for many years. The midstream giant has faced many obstacles along the road, which have delayed this project.
Energy Transfer LP NYSE: ET, a key player in North America's midstream energy infrastructure, has recently garnered significant attention for that reason and several others.
Energy Transfer (NYSE: ET) boasts an enticing 8% dividend yield, making it a darling for income-focused investors.
Recently, Zacks.com users have been paying close attention to Energy Transfer LP (ET). This makes it worthwhile to examine what the stock has in store.
Energy Transfer LP (ET) concluded the recent trading session at $15.87, signifying a -1.79% move from its prior day's close.
The stock market panic created a unique opportunity to lock-in a high-quality 8%+ distribution yield. ET's forward P/E ratio is low, with a fair value of $26.60, offering a significant margin of safety and making it a compelling investment. Massive expected U.S. manufacturing expansion will apparently boost energy demand, providing a significant tailwind for the midstream industry.