This Ultra-High-Yield Dividend Stock Continues Shoveling More Cash to Investors
Enterprise Products Partners (NYSE: EPD) stands out for its massive yield. At the master limited partnership's (MLP) recent unit price, it offers a more than 7.5% distribution yield. That's multiples above the S&P 500's current dividend yield of 1.5%.
Even better, the MLP has a long history of steadily sending more cash to its investors. That makes it an ideal stock for those seeking to collect some passive income.
Enterprise Products Partners recently declared its next quarterly distribution. It will pay out $0.475 per unit ($1.90 annualized), which is 2.2% above its last payment. That level also represents a 5.6% increase from what it paid in last year's second quarter.
Source Fool.com
