Due to the downturn in oil and gas prices, large-cap energy stocks don’t really receive much investor enthusiasm. And when they do make headlines, it’s often about production cuts, layoffs, and even dividend cuts. But does that mean it’s time to ditch energy stocks altogether? 1 High-Dividend Stock for Income Investors...
Not really. For instance, Enterprise Products Partners L.P. (NYSE:EPD) is a name worth considering for income investors. Headquartered in Houston, Texas, Enterprise Products Partners is a master limited partnership that provides midstream energy services. With a market cap of nearly $57.0 billion, Enterprise is one of the largest publicly traded partnerships in the U.S. The number-one reason for income investors to consider Enterprise Products Partners is its generous payout. With a quarterly distribution rate of $0.42 per unit, the partnership has an annual yield of 6.5%. This makes EPD a true high-dividend stock in today’s market.
Source: Income Investors
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