To garner sufficient shares of Enterprise Products Partners to yield around $5,000 in annual dividends, consider this guideline.
Entering the fold of lucrative dividend stocks, Enterprise Products Partners (EPD) has seen its shares skyrocket by an impressive 26% over the past year. Currently trading at 1.80%, EPD is a midstream oil and gas giant that boasts a staggering dividend yield of 6.5%.
The master limited partnership (MLP) has a tradition of rewarding its investors generously, increasing its distribution for an uninterrupted 27 years. This impressive record has translated into outstanding returns for shareholders, making EPD a coveted addition in any income-focused portfolio.
EPD
With an annualized dividend of $2.14 per share, purchasing 2,340 shares at its current price will bring in a tidy $5,000 in yearly dividend income. Admittedly, this requires an investment of around $77,000; however, considering the potential for growth and the long-term benefits of owning this high-performing stock, the expense is well worth it.
oil and gas giant are up almost 26% in one year, as of this writing. Enterprise Products stock still yields a hefty 6.5%, thanks to steady dividend growth backed by rising cash flow.
So, why target $5,000 in annual dividends from Enterprise Products Partners? Simply put, the potential for wealth-building is enormous. As demonstrated in the graph below, dividend reinvestment can significantly enhance the total returns from EPD stock:
master limited partnerships -- for 27 consecutive years. That dividend growth has contributed handsomely to the stock's returns over time.
Enterprise Products Partners has been consistently delivering distributable cash flow (DCF) that covers its total dividends by at least 1.5 times since 2018. Even more promising, the company generated a record DCF of $7.8 billion in 2024 and has projects valued at nearly $7.6 billion under construction, set to go live within the next three years.
EPD data by
These factors collectively position EPD as a top high-yield dividend stock to invest in and hold securely, delivering steady income and promising growth prospects over the long term.
YCharts.
- If you're considering investing in dividend stocks, you might want to take a closer look at Enterprise Products Partners (EPD), as its shares have seen a significant increase of 26% over the past year.
- To earn a hefty $5,000 in annual dividend income, you would need to invest around $77,000 in Enterprise Products Partners (EPD), a midstream oil and gas giant with a robust dividend yield of 6.5%.
- For income-focused investors, Enterprise Products Partners (EPD) is an attractive option, especially considering its history of increasing dividends for 27 consecutive years, a key factor in its impressive returns for shareholders.
- To effectively pitch an in-line article about Enterprise Products Partners (EPD), highlight its strong financial performance in the oil and gas sector, including its consistent delivery of distributable cash flow (DCF) and ongoing projects that promise substantial returns in the near future.