3 High Dividend Yields That Are Here to Stay

The oil and natural gas midstream industry is filled with high yields. But not all high yields are created equal, as the 40% distribution cut at Enbridge Energy Partners in 2017 and the 75% dividend cut at Kinder Morgan Inc in 2016 show. Here's why the high yields at Enterprise Products Partners L.P. (NYSE: EPD), Magellan Midstream Partners, L.P. (NYSE: MMP), and ONEOK, Inc. (NYSE: OKE) are here to stay.

Enterprise is one of the largest and most diversified midstream companies in the industry. It has a 20-year history of increasing its distribution annually. The rate of increase has averaged around 5% a year over time, which is probably all you should expect in the future at this slow and steady payer. Its yield is an eye-catching 6.4% -- the highest of this trio.

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Source: Fool.com