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Got $1,000? Here's a Safe Way to Turn It Into About $75 of Passive Income in 2024.

Got $1,000? Here's a Safe Way to Turn It Into About $75 of Passive Income in 2024.

Enterprise Products Partners (NYSE: EPD) built its business to produce steady income. The master limited partnership (MLP) distributes a little more than half of its stable cash flow to investors each year. At that rate, every $1,000 invested in Enterprise Products Partners would produce nearly $75 of annual income.