The 2 Biggest Reasons Enterprise Products Partners L.P. Is a Better Dividend Stock Than Kinder Morgan Inc

Kinder Morgan Inc (NYSE: KMI) and Enterprise Products Partners L.P. (NYSE: EPD) are two of the largest oil and natural gas midstream players in the United States. Kinder Morgan is set to see explosive dividend growth over the next three years -- the hike in 2018 is expected to be 60%! Enterprise, meanwhile, will probably increase its distribution around 5% a year. But Enterprise is still the better dividend stock -- here's why.

Enterprise Products Partners currently yields around 6.4%. Kinder Morgan yields about 2.6%. But Kinder Morgan has announced plans to increase the dividend from $0.50 per share per year to $0.80 per share per year in 2018, a 60% boost. It will follow that up with 25% increases in 2019 and 2020. After all of the announced dividend changes are implemented, the disbursement will have grown from $0.50 per share per year to $1.25 in just three short years.

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Source: Fool.com