Got $5,000? 3 Top Pipeline Stocks to Buy for the Long Term
Pipelines help move energy from where it is drilled to where it is used, with most players in the niche charging fees for using their assets. It is not an exciting business, but it is a reliable one that sidesteps the material ups and downs that energy production companies experience on the top and bottom lines.
And pipelines have historically offered investors big yields. If you are an income-focused investor with $5,000 in your pocket, you might want to look at Enterprise Products Partners (NYSE: EPD), Kinder Morgan (NYSE: KMI), and Enbridge (NYSE: ENB).
Master limited partnership (MLP) Enterprise Products Partners is one of the largest midstream companies in North America, sporting a market cap of roughly $50 billion. It also happens to have a very generous 7.7% yield. The distribution, meanwhile, has been increased annually for 24 consecutive years, if you include the hike just made in 2022. The dividend has historically grown in the low single digits, but with a high yield and a distribution streak like the one this MLP has achieved, most dividend investors probably won't mind.
Source Fool.com
