Oil prices fell into the doldrums in the summer of 2014. While they have recovered quite a bit this year, West Texas Intermediate (WTI) crude is still trading at less than half of what it was in July 2014. During this period, many oil companies had massive layoffs, and some have slashed their dividends. This partnership, on the other hand, never cut its dividends. In fact, it has been increasing its distribution every quarter for more than 10 years.
I’m talking about Enterprise Products Partners L.P. (NYSE:EPD), a master limited partnership (MLP) based in Houston, Texas. Enterprise Products Partners is one of the largest midstream energy service providers in North America. The partnership’s asset base has grown tremendously since its initial public offering (IPO) in 1998. Its portfolio consists of 49,000 miles of pipelines transporting natural gas, natural gas liquids (NGL), crude oil, refined products, and petrochemicals. The partnership also owns a number of storage facilities, natural gas processing plants, and terminals.
Source: Income Investor
Related Articles:
- 8 Dividend Stocks For The Ultimate In Deferred Gratification
- The Most Important Thing To Consider When Selecting A Dividend Stock
- 5 Healthcare Stocks With Growing Dividends Yielding In Excess of 2%
- 3 Powerful Concepts for Compounding Wealth with Dividend Stocks
- Why We Are Dividend Growth Investors
_____________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
Do you need more income? Join the crowd. It seems everyone is scouring the landscape these days for decent income investments to beef up the...
-
In bull markets, dividends become more or less irrelevant. When the Dow Jones Industrial Average traded above 14,000 in 2007, very few stoc...
-
While I've invested a decent portion of my portfolio into growth stocks, a significant part of my holdings consists of dividend-paying s...
-
Investors hear about dividend aristocrats all the time. It’s a fantastic thing if a company raises its dividend every year for 25 years runn...
-
Stocks can make for amazing investments, offering better long-term returns than bonds, precious metals, and most other commonly available in...
-
Anxiety over the European debt crisis and distrust in the markets drove volatility in global stock markets to dizzying heights in 2011. The ...
-
All too often when a cheap stock offers a high dividend yield, it's too good to be true. Perhaps the stock has plunged with good reason,...
-
To alert investors of stocks that have the highest risk of reducing their current dividend in the future, Simply Safe Dividends created a Di...
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
0 comments
Post a Comment
Post a Comment