This Phenomenal 7.6%-Yielding Dividend Stock Showcases Why It's a Safe Income Investment
Enterprise Products Partners (NYSE: EPD) stands out for its big-time yield. The master limited partnership's (MLP) distribution currently yields 7.6%. That's well above average, considering the S 500's average dividend yield is 1.7%.
Despite its much higher yield, the MLP remains a rock-solid option for those seeking stable income. That was evident in its third-quarter earnings report.
Enterprise Products Partners has a low-risk business model. The midstream energy giant primarily generates fee-based income as oil and natural gas flow through its pipeline network and related assets. That helps insulate it from the volatility of oil and natural gas prices, enabling it to produce relatively steady cash flow under any market conditions.
Source Fool.com
