The Best Dividend Stock to Invest $1,000 in Right Now

Investors are always on the search for stocks that pay generous dividends and have high yields. Unfortunately, that alone does not always make a great investment. That's why it's nice when you can find a stock not only with a high yield, but one that is also able to grow its dividend and business.That's why Energy Transfer (NYSE: ET) is my favorite dividend stock to invest in at this time. Let's look at three reasons why I think the stock might be worth a $1,000 (or more) investment if you have cash available that isn't needed for monthly bills, an emergency fund, or to pay off short-term debt.As a master limited partnership (MLP), Energy Transfer technically pays out a distribution, not a dividend. The difference between the two is tax-related, as distributions have a return of capital component that is tax-deferred. While it involves a little extra paperwork come tax time, this part of the distribution reduces an investment's cost basis and is not taxed until the stock is sold, which is a nice added bonus.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool