1 Dirt-Cheap High-Yield Dividend Stock to Buy Hand Over Fist
Stocks have rallied sharply this year. The S 500 has surged more than 15%, while the Nasdaq 100 has zoomed by nearly 40%. The S 500 now trades at more than 20 times forward earnings, while the Nasdaq 100 fetches over 27 times forward earnings. And all that means that sticks aren't nearly as cheap as they were at the beginning of the year.
However, even though most stocks trade at higher valuations these days, some are still pretty cheap. Enterprise Products Partners (NYSE: EPD) stands out for its attractive valuation. It's a big driver of the master limited partnership's (MLP) high dividend yield.
Enterprise Products Partners has generated $9.1 billion of adjusted EBITDA over the past 12 months. With its enterprise value currently around $88.2 billion, the MLP trades at less than 10 times its earnings. The MLP is also really cheap on a cash flow basis:
Source Fool.com
MLP SE Stock
Currently there is a rather positive sentiment for MLP SE with 4 Buy predictions and 0 Sell predictions.
With a target price of 10 € there is a hugely positive potential of 73.61% for MLP SE compared to the current price of 5.76 €.
