Enterprise Products Partners (NYSE: EPD) is a reliable income source with a 6.3% yield and a 27-year streak of dividend increases. To generate $1,000 in annual passive income, one would need to invest about $15,900 in the MLP. This is significantly less than the investment required in lower-yielding assets like an S&P 500 index fund. The company’s strong financials, including $7.9 billion in operational distributable cash flow in 2025, make it a secure investment. Enterprise Products Partners plans to invest billions in growth projects in the coming years, further solidifying its financial position.

Read more at Yahoo Finance: Want $1,000 in Annual Passive Income? Here’s How Much to Invest in This High-Yield Energy Stock