This 6.9%-Yielding Dividend Stock Just Can't Stop Adding More Fuel to Its Growth Engine
Enterprise Products Partners (NYSE: EPD) is an income investor's dream. The master limited partnership (MLP) offers a steadily growing high-yielding payout and has increased its 6.9%-yielding distribution annually for a quarter-century, including by 5.1% over the past year.
That growth should continue. The MLP recently completed a couple of expansion projects and added a new one to backfill its backlog, giving it even more fuel to grow its payout in the future.
Enterprise Products Partners recently completed construction and started commercial service on its Mentone 3 natural gas processing plant in the Delaware Basin. The plant can process 300 million cubic feet of natural gas per day and extract more than 40,000 barrels of natural gas liquids (NGLs) per day from that gas.
Source Fool.com