2024-04-02 07:30:59 ET
Summary
- Midstream companies have turned into fantastic stocks for both income and growth, with the Alerian MLP ETF returning 24% over the past ten years.
- Enterprise Products Partners is a high-quality income stock with a history of 25 consecutive annual distribution increases and a yield of 7.1%.
- EPD is financially strong, achieving record-breaking numbers and experiencing major growth potential, particularly in the Permian Basin. Its valuation is also attractive compared to peers.
Introduction
In the past two weeks, we have discussed a number of midstream companies, including ONEOK Inc. ( OKE ) and Kinder Morgan ( KMI ). Although I'm more bullish on upstream companies (oil and gas drillers) that are more sensitive to oil and gas prices, I am a big fan of the midstream industry.
In fact, in January, I bought Antero Midstream ( AM ), making it one of the largest holdings of my dividend growth portfolio....
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Enterprise Products Partners Could Be Your New Dividend Hero - 7.1% Yield