Better Buy: Magellan Midstream Partners vs. Enterprise Products Partners L.P.
Enterprise Products Partners (NYSE: EPD) and Magellan Midstream Partners (NYSE: MMP) have been fantastic income stocks over the years. These large-scale master limited partnerships (MLPs) both have a long history of increasing their distributions quarterly. Enterprise Products, for example, has raised its payout for 21 straight years, including in each of the last 62 consecutive quarters. Magellan Midstream, on the other hand, has boosted its payout 71 times since its initial public offering in 2001.
Both MLPs expect to keep growing their payouts for the foreseeable future, which makes either one an attractive option for dividend seekers. However, since most investors likely only want to own one energy company in their portfolios, here's a look at which of these two MLPs is the better buy right now.
The most important step an investor can take when considering two dividend-paying options is to analyze the sustainability of those payouts by taking a close look at their financial situations. Here's how these two MLPs stack up against each other:
Source Fool.com
