CA - Enterprise Products Partners: My Top Pick For Income Investors
2024-05-03 12:22:04 ET
Summary
- Enterprise Products Partners is a relatively safe investment with a high distribution for income-oriented investors.
- EPD is a leading midstream company in North America, with a wide moat and established terminal infrastructure for natural gas liquids exports.
- The company has a track record of 25 years of continuous dividend growth, a strong business model, and potential for future growth in the international export market.
- Valued at a blended P/E of 10.81, well below the 15x fair estimate, EPD offers a high margin of safety alongside a 7.4% dividend yield.
- MLP brings complexities with tax filing, but with analysts bullish, the potential for up to 26% annual ROI is real.
Are you an income-oriented investor looking for a safe investment with a high distribution?
You don't have to look much further than Enterprise Products Partners L.P. ( EPD )....
Enterprise Products Partners: My Top Pick For Income Investors