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
Dividend Growth Stocks News
- Top UK Dividend Stocks To Consider In July 2025 - Yahoo Finance - 7/24/2025
- Top Asian Dividend Stocks To Consider - Yahoo Finance - 7/24/2025
- 3 Middle Eastern Dividend Stocks Yielding Up To 7.0% - Yahoo Finance - 7/24/2025
- 3 Asian Dividend Stocks Offering Up To 5.5% Yield - Yahoo Finance - 7/23/2025
- Best Dividend Stocks Expert Verified Stock Signals - Consistent double returns - Autocar Professional - 7/24/2025
- Chevron Corporation (CVX) Dividend Stock Analysis - 7/18/2025
- Emerson Electric Co. (EMR) Dividend Stock Analysis - 7/11/2025
- Amgen, Inc. (AMGN) Dividend Stock Analysis - 6/27/2025
- W.W. Grainger, Inc. (GWW) Dividend Stock Analysis - 6/20/2025
- Abbvie Inc. (ABBV) Dividend Stock Analysis - 6/13/2025
This Top Dividend Stock Yielding 6.3% Raises Its Payout Every Quarter
Posted by D4L | Saturday, December 17, 2016 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.