Why I've Loaded Up on This Ultra-High-Yield Dividend Stock
I first initiated a position in Enterprise Products Partners (NYSE: EPD) back in April 2020. Shares of the midstream energy company had been hammered during the market plunge caused by COVID-19 worries. Buying Enterprise turned out to be a smart move. The stock has delivered a total return of over 120% in less than three years.
Earlier this month, I bought a lot more shares of Enterprise Products Partners. Here's why I've loaded up on this ultra-high-yield dividend stock.
My description of Enterprise Products Partners gave away the obvious reason I've added to my position in the stock -- its dividend. The company's yield currently stands above 7.6%. Over the last 12 months, Enterprise's share price has risen a little over 2%. But my actual return was much greater, thanks to the especially juicy distribution.
Source Fool.com
