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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.