This 7.5%-Yielding Dividend Stock's Growth Engine Keeps Humming Along
This year is big for Enterprise Products Partners (NYSE: EPD). The master limited partnership (MLP) is in the midst of completing a major wave of expansion projects that will fuel growth in the coming quarters. That's allowing the midstream giant to continue increasing its distribution. It recently gave investors another raise, marking its 25th straight year of distribution growth. The MLP now yields 7.5%.
The company's distribution growth engine should keep humming along. It recently added a couple more projects to its backlog that should drive growth in the coming years.
Enterprise Products Partners had a busy second quarter. The MLP placed four major capital projects into service:
Source Fool.com
MLP SE Stock
€5.56
0.710%
Currently there is a rather positive sentiment for MLP SE with 3 Buy predictions and 0 Sell predictions.
With a target price of 10 € there is a hugely positive potential of 79.86% for MLP SE compared to the current price of 5.56 €.
