This High-Yield Dividend Stock's 28-Year Dividend Growth Track Record Proves It Can Deliver a Lifetime of Passive Income
Enterprise Products Partners has proven the durability of its high-yielding distribution over the years.
Overview
Enterprise Products Partners (NYSE:EPD) has delivered 28 years of distribution growth. The master limited partnership (MLP) has returned $65 billion in cash to its investors during that period through its growing distribution and unit repurchases. The MLP currently yields 5.9%, putting it well above the S&P 500's 1% yield.
The pipeline company is in a strong position to continue increasing its high-yielding distribution. That makes it an ideal option for investors seeking a lifetime source of passive income.
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Originally published at www.fool.com.
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