Enterprise Products Just Raised Its Dividend. Here's What the New Yield Looks Like.
With a recent modest payout increase, Enterprise Products extends its status as one of the most venerable dividend names in the midstream space.
Overview
For the bulk of the 21st century, buybacks have been corporate America's preferred way of returning capital to shareholders, but S&P 500 dividend growth has been solid, if not awe-inspiring. Savvy equity income investors know that some segments deliver the dividend goods more than others. Those groups include energy stocks.
Taking things a step further, pipeline stocks are known for offering tempting yields and, in many cases, dependable payout growth. Enterprise Products Partners (NYSE: EPD) checks those boxes. Although the third quarter isn't even half over, it's already brought a spate of midstream dividend hikes, with Enterprise Products being one of the guests at that party.
Enterprise Products is one of the dividend leaders in the midstream segment. Image source: Getty Images.
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Originally published at www.fool.com.