This High-Yield Partnership Could Offer Retirees Sustainable Income
Sustainable income isn't just about a high yield. It's about the ability to keep paying that high yield in good times and bad. Even better is the ability to grow the distribution over time, which is why retirees looking for sustainable income should do a deep dive on Buckeye Partners, L.P. (NYSE: BPL) today. The oil and gas midstream partnership's 9% yield looks a little risky, but history suggests that the risk will pass.
When investors look at midstream partnerships like Buckeye, the reference point is often industry giant Enterprise Product Partners L.P. (NYSE: EPD). That makes complete sense since Enterprise has an incredible streak of 20 consecutive years with annual distribution increases. Here's a fun fact, though, Buckeye's streak is 22 years.
Image source: Getty Images
Source: Fool.com
Enterprise Products Partners L.p. Stock
Enterprise Products Partners L.p. is currently one of the favorites of our community with 19 Buy predictions and no Sell predictions.
Based on the current price of 15.02 € the target price of 31 € shows a potential of 106.34% for Enterprise Products Partners L.p. which would more than double the current price.
