This Magnificent Ultra-High-Yield Stock Is Spending $950 Million to Add More Fuel to its Dividend Growth Engine

Enterprise Products Partners continues to find more ways to expand its operations and cash flow. Enterprise Products Partners (EPD 0.31%) is an elite dividend stock. The master limited partnership (MLP) has increased its cash distribution to investors for 26 straight years, including by 5% over the past year. That payout currently yields over 7%, well above the S&P 500's sub-1.5% average. The MLP should have plenty of fuel to continue increasing its big-time payout in the future. It recently agreed to spend ...