Enterprise Products Partners Has Plenty of Fuel to Continue Growing Its 7.7%-Yielding Payout
Enterprise Products Partners (NYSE: EPD) provides investors the best of both worlds. The master limited partnership (MLP) pays an attractive distribution that yields 7.7%. Meanwhile, it's growing its cash flow at a healthy rate. That growth was evident in the company's recently reported 2022 results.
The midstream company has lots more growth ahead. Because of that, it should have ample fuel to continue increasing its big-time payout in the future.
Enterprise Products Partners generated $7.8 billion of distributable cash flow last year. That was 17% above what it produced in 2021. The MLP benefited from improving conditions in the energy market, organic expansion projects, and acquisitions.
Source Fool.com
