This Nearly 6.7%-Yielding Dividend Just Keeps Heading Higher

Core Viewpoint - Enterprise Products Partners (EPD) has a strong dividend yield of 6.7% and has increased its distribution annually for 27 consecutive years, contributing to a three-year uptrend in its unit price [2][5]. Group 1: Dividend and Stock Performance - The current annualized dividend payment divided by the stock price results in a dividend yield, which is influenced by changes in both the dividend payment and stock price [3]. - Companies that consistently increase dividends tend to see corresponding increases in share prices, making them attractive to investors [4]. - Enterprise Products Partners, while not a Dividend King, has a notable history of 27 consecutive annual distribution increases, aligning its stock price trend with its dividend growth [5][12]. Group 2: Market Data and Trends - The market capitalization of Enterprise Products Partners is $70 billion, with a current stock price of $32.13, reflecting a 0.44% increase [6][7]. - Over the past five years, the yield has decreased by approximately 30%, while the unit price has increased by nearly 70%, indicating a strong recovery and growth trajectory [11]. - The average yield over the MLP's history is around 6.2%, slightly lower than the current yield of 6.7%, suggesting that the current yield is historically attractive [12]. Group 3: Investment Outlook - Enterprise Products Partners is characterized as a stable income generator, with the yield expected to contribute significantly to total returns over time [13]. - The combination of reliable income, consistent distribution growth, and potential for price appreciation makes Enterprise Products Partners an appealing option for long-term dividend investors [14].