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Investing in equal parts of these dividend stocks produces an average yield of 4%.
Enterprise Products Partners (NYSE: EPD) is a popular income investment, and rightly so. The master limited partnership (MLP) has increased its distribution for 26 straight years. Investors who like that big-time income stream should check out fellow MLP Delek Logistics Partners (NYSE: DKL).
For example, Kinder Morgan (NYSE: KMI) has seen a material price advance and now yields a relatively tiny 4.1%. You can do over two percentage points better with investments in its midstream energy peers Enterprise Products Partners (NYSE: EPD) or Enbridge (NYSE: ENB).
If you have honed in on Energy Transfer (NYSE: ET) and its 6.7% distribution yield, you might want to instead consider Enterprise Products Partners (NYSE: EPD) and its slightly lower 6.4% yield. There are two specific examples that should lead income investors to avoid Energy Transfer.
Pipeline companies rallied sharply in November. Natural gas pipeline giant Kinder Morgan (NYSE: KMI) rallied 15.1%, according to data provided by S&P Global Market Intelligence. Meanwhile, leading master limited partnerships (MLPs) Energy Transfer (NYSE: ET) and Enterprise Products Partners (NYSE: EPD) were both up more than 20%.
If you are looking at dividend-paying oil stocks today, there are three interesting ways to play the sector.
Kinder Morgan has let investors down multiple times, but these two high-yield alternatives have been reliable through thick and thin.
Looking for reliable energy stocks? Then examine Chevron, Enterprise, and Devon Energy... Wait, Devon Energy?
Chevron is a diversified giant in the energy sector, offering a high yield. But you can get a notably higher yield from a more stable business.
Enterprise Products Partners is in an excellent position to capitalize on growing gas demand.
Enterprise is increasing its capex to capture growth opportunities
British American Tobacco has a huge 8.6% yield, which is a pretty enticing figure if you are trying to live off of dividends in retirement.
The MLP continues to find new ways to expand.
EPD earnings call for the period ending September 30, 2024.