This Magnificent Dividend Stock Has Delivered a Quarter-Century of Enriching Its Investors (and It's Very Excited About the Next 25 Years)
Enterprise Products Partners (NYSE: EPD) recently completed its 25th year as a public company. The master limited partnership (MLP) did a magnificent job creating value for investors during that period. It increased its cash distribution to investors every year while significantly growing the company's value.
The MLP's management team believes the next 25 years will be just as enriching. Here's a look at what has fueled its returns over the past quarter century and why the company believes it can continue growing shareholder value in the future.
Enterprise Products Partners co-CEO Jim Teague recently reflected on reaching the milestone of 25 years as a publicly traded company. On the fourth-quarter conference call, Teague stated: "2023 marked our 25th anniversary as a public company. It's been a great quarter century."
Source Fool.com
