Buy This Stock Before It Becomes a Dividend Aristocrat
A company achieves Dividend Aristocrat status by increasing its dividend annually for 25 consecutive years. It's a highly elite club, and North American midstream giant Enterprise Products Partners (NYSE: EPD) is on the verge of getting in. While some might protest that Enterprise is in an out-of-favor and environmentally dirty business, there are a few things to think about before you write this one off. That includes a huge 8% distribution yield.
Enterprise operates in the midstream sector of the broader energy industry. With a nearly-$50 billion market cap, it is one of the largest midstream names in North America, with a collection of pipelines, storage, transportation, and refining assets that would be difficult, if not impossible, to replicate. Basically, it helps to move carbon-based fuels from where they are drilled to the end markets where they are used. It is a vital intermediary, but, without a doubt, its business is tied tightly to carbon energy.
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Source Fool.com
