It's great when a stock that you own soars. I can only think of two possible downsides. One is that the stock's valuation gets too frothy. The other applies only when a stock pays dividends. It's possible that the dividend yield could become less attractive if you want to buy more shares.

Those are minor negatives that probably won't bother too many investors very much. And sometimes, a stock can skyrocket yet remain attractively valued while offering a juicy dividend. One example immediately comes to my mind. This ultra-high-yield dividend stock just hit its 52-week high and is still a bargain buy.

Enterprise Products Partners (NYSE: EPD) stock has jumped nearly 15% year to date. Its share price reached a 52-week high on Sept. 22, 2023. This performance is a little better than what the S 500 has delivered.

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Source Fool.com