Enterprise Products Partners (NYSE: EPD) offers investors a big-time, passive-income stream. The master limited partnership (MLP) currently yields 7.6%. That's multiples above the 1.7% dividend yield on an S 500 index fund. 

This ultrahigh-yielding payout is on an extremely secure foundation. That was evident from comments made by the company's management team on its first-quarter conference call.

Enterprise Products Partners produces significant cash flow to cover its big-time distribution. Jim Teague, the MLP's co-CEO, stated on the Q1 call that "We generated $1.9 billion of distributable cash flow (DCF), providing 1.8 times coverage" for the distribution. As a result, the co-CEO noted, "We retained $863 million of DCF for the first quarter." That gave the company money to fund expansion projects and strengthen its already elite balance sheet. 

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Source Fool.com