This High-Yield Stock Just Became Even Safer

Pipeline and processing company Enterprise Products Partners (NYSE: EPD) has a long history of paying investors a growing distribution. In fact, since going public nearly 20 years ago, this MLP has increased its payout 62 times, including for the last 53 quarters. That streak isn't expected to end anytime soon because the company has $9 billion of growth projects under construction that should supply it with the cash flow needed to keep going.

However, the company recently took a notable step to provide another layer of security so that its high-yield payout, which currently stands at 6.5%, stays safe. It did so by moderating the rate of distribution growth, which will put it in an even stronger financial position over the next few years. It's just one more reason income-seekers should seriously consider this top-notch energy infrastructure company.

Enterprise's distribution is almost as secure as money in a safe. Image source: Getty Images.

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Source: Fool.com