Reported 3 days ago
Enterprise Products Partners (NYSE: EPD) is an appealing investment option for those seeking high-yield dividend stocks. As a master limited partnership, it offers distributions that are favorably taxed, making it an attractive choice. With a current forward yield of 6.3% and a strong distribution coverage, the company has been consistent in increasing its distributions for 26 years. Moreover, Enterprise is transitioning into a growth phase with plans to boost capital expenditures significantly over the coming years, capitalizing on rising demand for natural gas driven by AI and exports. Valuing the stock at an attractive EV/EBITDA multiple, now appears to be a prime opportunity for investors.
Source: YAHOO