-->

A Secure 7.43%-Yielding Midstream Company

Post a Comment
Shield

AN OXFORD CLUB PUBLICATION

Wealthy Retirement

View in browser

SPONSORED

$4,900 Value...

We're offering a bonus year of our newest research service - valued at $4,900 - to anyone who joins today.

Click here to find out why - and how to claim it!

Publisher's Note: This week's Safety Net - written by Research Analyst Brittan Gibbons-O'Neill - analyzes the dividend safety of a company that's near and dear to our hearts... Enterprise Products Partners (NYSE: EPD).

Why does the Wealthy Retirement team hold Enterprise in such high esteem?

It's one of the many Perpetual Dividend Raisers - companies that raise their dividends year after year - recommended by Chief Income Strategist Marc Lichtenfeld in his monthly newsletter, The Oxford Income Letter.

Marc recommended Enterprise in April 2020. Since then, it is up 111% with dividends reinvested.

For more information on how to profit in this market using Perpetual Dividend Raisers like Enterprise Products Partners, check out Marc's free Ultimate Dividend Package.

Think of it as the ultimate "jump-start guide" for dividend investing. And it's ENTIRELY FREE.

Claim your FREE Ultimate Dividend Package here.

- Rachel Gearhart, Associate Publisher

A Secure 7.43%-Yielding Midstream Company

Brittan Gibbons-O'Neill, Research Analyst, The Oxford Club

Brittan Gibbons-O'Neill

Since its peak last month, the energy sector has fallen 25%.

But finding oil and gas companies that can pay you quality and steady dividends is still possible.

In fact, the company we're rating today is a solid pick if you're looking for a reliable income stream.

Enterprise Products Partners is a midstream company that has more than 50,000 miles of pipelines, 260 barrels of storage capacity and 21 natural gas processing plants - making it one of the largest pipeline networks in the U.S.

Operating as the middleman protects the company... Whether customers accept or deny the delivery of products, Enterprise still gets paid.

It has a concrete stream of revenue, and because it enters into long-term contracts, its cash flow is relatively predictable.

When we covered Enterprise back in 2020, we gave it an "A."

And since then, the company has been positioning itself even better in this space.

For a master limited partnership (MLP) like Enterprise, we'll look at cash available for distribution (CAD), which is a measure of cash flow for MLPs.

The only year the company's CAD faltered was 2020... but other than that, it has raised its CAD year over year.

SPONSORED

Bill O'Reilly's Epic Wall Street Takedown (FREE to See It!)

BOR and Green  Walking

Sick of Wall Street's scams?

See how to legally rig the stock market in your favor.

Bill O'Reilly is joined by New York Times bestselling financial author Alexander Green to show you how to achieve it.

>>>CLICK HERE TO ENTER BILL O'REILLY'S FREE ONLINE EVENT.<<<

Last year, Enterprise's $6.6 billion in distributable cash flow more than covered its $3.9 million in dividends paid.

And this year, it's expected to rake in $7.2 billion and will pay only 57% of that in dividends.

Speaking of dividends...

Enterprise just upped its dividend to $0.475 per quarter - up from $0.465 earlier this year and $0.45 in 2021.

In 2022, the company will pay out $1.88 per share in dividends, giving it a yield of 7.43%.

This isn't the first time Enterprise has raised its dividend, either.

Over the 24 years of rewarding investors, the midstream player has increased its dividend almost every year... and I expect this trend to continue.

Based on its growing CAD (which more than covers its payout to shareholders) and its solid business model, Enterprise Products Partners' dividend is definitely one of the safest on the market right now.

Dividend Safety Rating: A

Dividend Grade Guide
 

If you have a stock whose dividend safety you'd like analyzed, leave the ticker symbol in the comments section.

You can also check to see whether we've written about your favorite stock recently. Just click on the magnifying glass in the upper right corner of the Wealthy Retirement homepage and type the company's name in the box.

Good investing,

Brittan

Leave a Comment

This NEW Electric Vehicle Stock Could Help Fund Your Retirement

1 Trade Idea Delivered Every Week, With an 83% Win Rate. Sound Too Good to Be True?

SPONSORED

"Every American should own THIS crypto stock."
- America's leading retirement expert

Holographic Graphs
 

150,000 people agree: THIS is the retirement expert you should be following.

  • The Institute for Financial Literacy has honored him TWICE with its Book of the Year award.
  • Fox Business and Bloomberg can't get enough of him.
  • He's an international bestselling finance author, with his books translated into Thai, Polish, Japanese and more...

And he's recommending ONE specific crypto stock for anyone looking to boost their retirement.

Click here for his urgent brief.

Related Posts

There is no other posts in this category.

Post a Comment

Subscribe Our Newsletter