If your goal is to generate income, you’ve spent a fair amount of time looking for dividend-paying stocks. It makes sense. There are plenty of solid companies on the market today with admirable histories of paying out dividends, and most investors have heard about these companies. We recently covered one of them (3M), but another type of stock offers perhaps the best and most reliable dividends on Wall Street: Master Limited Partnerships or MLPs.
MLPs are usually involved in the energy business, but they typically won’t whipsaw your portfolio with every price moves in the commodities market. Most MLPs are involved in the transportation of oil and natural gas through pipelines owned by the partnership. Regardless of the price of oil, it still needs to move from Point A to Point B. This allows MLPs to execute one of the most predictable business plans around.
Source: Forbes
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