New Zealand markets closed
  • NZX 50

    12,036.05
    +12.59 (+0.10%)
     
  • NZD/USD

    0.6496
    +0.0003 (+0.05%)
     
  • NZD/EUR

    0.5970
    +0.0015 (+0.26%)
     
  • ALL ORDS

    7,709.50
    +21.50 (+0.28%)
     
  • ASX 200

    7,493.80
    +25.50 (+0.34%)
     
  • OIL

    79.38
    -1.63 (-2.01%)
     
  • GOLD

    1,943.90
    -2.80 (-0.14%)
     
  • NASDAQ

    12,166.60
    +115.12 (+0.96%)
     
  • FTSE

    7,765.15
    +4.04 (+0.05%)
     
  • Dow Jones

    33,978.08
    +28.67 (+0.08%)
     
  • DAX

    15,150.03
    +17.18 (+0.11%)
     
  • Hang Seng

    22,688.90
    +122.12 (+0.54%)
     
  • NIKKEI 225

    27,382.56
    +19.81 (+0.07%)
     
  • NZD/JPY

    84.3200
    -0.0940 (-0.11%)
     

1 Top Ultra-High-Yield Stock to Buy for Passive Income in December

1 Top Ultra-High-Yield Stock to Buy for Passive Income in December

Companies with higher dividend yields can be great options for those seeking to generate passive income. For example, $1,000 invested in energy infrastructure giant Enterprise Products Partners (NYSE: EPD) could produce $77 of annual passive income, thanks to its 7.7% yield. For comparison, that same $1,000 would only generate $16 of passive income in an S&P 500 index fund, given its 1.6% dividend yield.