Enterprise Products Partners (NYSE: EPD) is kind of boring, but that should probably be seen as a positive attribute for income-focused investors. Indeed, it is hard to complain about collecting a 7.5% distribution yield from an investment about which you don't really need to worry too much. Here are some of this midstream master limited partnership's (MLP's) dividend bonafides. 

As an MLP, Enterprise pays distributions and not dividends. That's a function of its corporate structure, which is a bit more complex than a regular company, requiring investors to deal with a K-1 form come tax time. However, there are some benefits, too, such as the fact that a portion of the distribution is likely to avoid current-year taxation by being classified as a return of capital. So investors keep more of the income they receive from the hefty 7.5% or so distribution yield each year. 

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Source Fool.com