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
-
Well-chosen dividend stocks are powerful wealth creators. They can add both growth and stability to your investment portfolio -- while putti...
-
High-yield stocks with low price-to-earnings ratios tend to do well over time. It’s also a good deal for investors when the earnings of the ...
-
I wanted to find an ideal list of stocks with high dividend yields. The stocks would have to be cheap as well. And the dividends would have ...
-
Whenever a non-dividend-paying stock sets up a regular dividend policy, it is considered very, very good news. And that’s also why, whenever...
-
Dividend stocks are the Swiss army knives of the stock market. When dividend stocks go up, you make money. When they don't go up -- you ...
-
I have chosen five stocks selling with dividend yields of 6%+ and with low payout ratios. The dividends of these stocks represent just 50% o...
-
Investors tend to gravitate to dividend stocks, particularly when those equities increase their payout on an annual basis. When these types ...
-
It has been a glum time for ExxonMobil (NYSE:XOM) shareholders. Regardless of whether you’re looking at the past one year, five years, or te...
-
As time passes, fewer investors are familiar with Peter Lynch. That’s a shame. The famous former Fidelity fund manager delivered astounding ...
-
Dividend-paying companies are beacons of profitability. Generally speaking, a company isn't going to share a percentage of its profit or...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.