This Ultra-High-Yield Dividend Stock Is Miles Ahead of Its Industry. Is It a Buy?

The big attraction at Enterprise Products Partners (NYSE: EPD) is the master limited partnership's (MLP's) huge 6.8% yield. But a high yield alone doesn't make an investment a good choice for dividend investors. All you have to do is look at high-yield Devon Energy's (NYSE: DVN) dividend history, and you can see that. Here's why 2023 proved that Enterprise Products Partners, and its high yield, is a dream come true for conservative dividend investors interested in the energy sector.

The term energy sector is a broad catch-all phrase. There are actually three segments to the energy sector: the upstream, midstream, and downstream. The differences are really important to understand if you are looking to own a consistent dividend payer.

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Source Fool.com