Want $1,000 a Year in Passive Income from Energy Transfer LP (ET) Stock? Here's How Many Shares You'd Need.

Key Points Energy Transfer specializes in the transportation and storage of natural gas, crude oil, and natural gas liquids (NGLs). It's a major supplier of energy for data centers, too. 10 stocks we like better than Energy Transfer › We all want extra income, right? That can be especially true in retirement, but even working folks can put extra income to good use. A fine stock to consider for passive income is Energy Transfer (NYSE: ET) , which was sports a hefty dividend yield of 6.2%. If you're seeking $1,000 in annual income, how many shares of Energy Transfer would you need? Well, the current annual dividend for the stock is $1.36. So divide $1,000 by that and you'll arrive at 735.