What Is the Dividend Payout for Enterprise Products Partners?
Enterprise Products Partners (NYSE: EPD) is an income-producing machine. The master limited partnership (MLP) has a current yield above 7%, which is multiples higher than the S 500's dividend yield (around 1.3%).
Here's a closer look at the MLP's monster payout.
Enterprise Products Partners recently declared its latest distribution payment. The MLP set the quarterly level at $0.525 per unit, putting the annualized rate at $2.10 per unit. That level was 1.9% above what it paid investors last quarter and a 5% increase from the year-ago level. With its unit price recently trading around $29, the MLP's forward dividend yield is now up to 7.2%.
Source Fool.com
MLP SE Stock
€5.82
2.460%
Our community is currently high on MLP SE with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 10 € shows a very positive potential of 71.82% compared to the current price of 5.82 € for MLP SE.
