It's well-known interest rates are rising, but they're still below their long-term historical averages. Investors seeking to invest for income can consider the Alerian MLP ETF AMLP.
At the current price, the dividend yield is about 7.5%.
This fund invests in energy infrastructure Master Limited Partnership (MLPs). MLPs build, own, and operate energy infrastructure assets. These include things like pipelines, storage facilities and processing plants.
These types of organizations tend to pay out their profits as dividends instead of reinvesting them back into the company. This makes MLPs an attractive option for investors seeking income.
To learn more about ETFs and trading, check out the new Benzinga Trading School.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.