If you want to make over $4,700 in passive income this year, invest $25,000 in each of these three midstream energy stocks. Enbridge (NYSE: ENB) operates pipelines across North America, including 54,000 miles of natural gas and natural gas liquids (NGLs) in the U.

Passive income is characterized by its ability to generate revenue without requiring continuous active effort from the earner. It is a desirable financial strategy for those seeking to diversify their income streams or achieve financial independence.

Fact checked by Peter Gratton Some aristocrats actually like sharing the wealth. In fact, dividend aristocrats share more and more every year. A dividend aristocrat is an S&P 500 company that has increased its dividend annually for at least 25 years,

The yield of the S&P 500 is around its lowest level in 25 years, with well-known index funds like the Vanguard S&P 500 ETF ( VOO -0.53%) and the SPDR S&P 500 ETF yielding just 1.2%. Here are three ways to generate more dividend income from stocks than passively investing in the S&P 500.

These four passive income stocks are often overlooked by investors and are dividend wonders. They are rated Buy at top Wall Street firms too.