3 More Reasons This 7%-Yielding Dividend Will Keep Heading Higher
Enterprise Products Partners (NYSE: EPD) has an excellent track record of growing its lucrative cash distribution to investors. The master limited partnership (MLP) has given its investors a raise 74 times since its initial public offering in 1998. This year marks its 24th consecutive one of growing its payout.
The MLP should have no problem increasing its 7%-yielding distribution in the future. It recently added three more expansion projects to its backlog, adding to an already sizable list of growth projects. They should provide Enterprise Products Partners with plenty of fuel to keep growing its payout.
Enterprise Products Partners recently unveiled three new expansion projects in the resource-rich Permian Basin:
Source Fool.com
