This 7%-Yielding Dividend Stock Continues to Grow Stronger
Enterprise Products Partners (NYSE: EPD) offers investors a lucrative passive income stream. The master limited partnership's (MLP) distribution currently yields around 7%. That's several times higher than the S 500's 1.3% dividend yield.
That high-yielding payout is on an increasingly strong foundation, which was clear in the MLP's second-quarter report.
"Enterprise reported a solid second quarter in terms of both volumes and cash flow generated by our integrated midstream system," stated CEO Jim Teague in the earnings press release. He noted that the company handled near-record volumes across its systems in the second quarter, which is typically a seasonally weak period. Its total volumes rose 5% compared to the second quarter of last year.
Source Fool.com
