Here's the High-Yield Dividend Stock I'd Buy Right Now

Dividend stocks can be a great source of passive income. Not only do they deliver cash into your brokerage account on a recurring basis, but they can also grow this income stream over time. Read on to learn about one company with a particularly generous cash payout that's set to grow even larger in the coming years.

Cedar Fair (NYSE:FUN) does one thing extremely well: turn amusement-park fun into cash for investors. In 2018, 25.9 million people visited the company's parks and resorts. In turn, Cedar Fair generated $1.35 billion in revenue and $468 million in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). As a master limited partnership, Cedar Fair is designed to pass its profits on to investors in a tax-advantaged manner. The MLP paid cash distributions of $203 million to its unitholders last year, and its units currently yield a hefty 7.4%.

Source: Motley Fool

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