Could This Ultra-High-Yield Stock Become the Next Enterprise Products Partners?
Enterprise Products Partners (NYSE: EPD) is the gold standard for income-focused investors in the energy midstream space. The master limited partnership (MLP) has increased its distribution 74 times since its initial public offering in 1998.
This year marks the 24th year it has increased its payout. That makes it stand out in a sector where many other MLPs have had to slash their distributions during periods of commodity price volatility.
While Delek Logistics Partners (NYSE: DKL) isn't in Enterprise Products' class yet, it's slowly getting there. The MLP has increased its distribution every quarter since 2012, giving it 39 straight quarters of distribution growth. With its latest raise, it now yields 8.7%.
Source Fool.com
