There are no sure things in investing. However, Enterprise Products Partners (NYSE: EPD) has been as bankable as they come. The master limited partnership (MLP) has increased its cash distribution to investors every year since its initial public offering (26 years in a row).

The MLP's payout currently yields more than 7%. At that rate, it could turn a $1,000 investment into a more-than-$70 annual passive income stream. That big-time income stream should continue rising in the future. These features make it an excellent investment option for those desiring income and who are comfortable with receiving a Schedule K-1 federal tax form that MLPs like Enterprise send to their investors each year.

Enterprise Products Partners operates a diversified portfolio of midstream assets. These businesses generate very stable cash flow, with most coming from long-term, fixed-rate contracts and government-regulated rate structures. Over the last 12 months, the MLP has produced $8.4 billion of adjusted cash flow from operations.

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Source Fool.com