This Magnificent Dividend Stock Is Capturing a Potentially Massive Opportunity
Enterprise Products Partners (NYSE: EPD) is an elite income investment. The master limited partnership (MLP) has increased its distribution to investors more than 75 times since its initial public offering in 1998, growing it for 24 straight years. Meanwhile, it offers a significantly above-average yield of 7.5%.
That upward trend in the payout should continue. Fueling that view is the company's ability to continue securing expansion projects. It recently captured a potentially significant long-term opportunity that could power its growth for years to come.
Last spring, Enterprise Products Partners and Oxy Low Carbon Ventures (OLCV) -- an Occidental Petroleum (NYSE: OXY) subsidiary -- signed a letter of intent. They plan to work toward developing a carbon dioxide transportation and sequestration solution for the Texas Gulf Coast. The initial scope will focus on providing services to carbon dioxide emitters from the greater Houston and Port Arthur areas.
Source Fool.com
