2024-05-20 07:00:00 ET
Summary
- I'm looking to further concentrate my portfolio in 2024 and Enterprise Products Partners is among my top candidates for additional investment.
- EPD's adjusted EBITDA and operational DCF grew in the first quarter.
- The midstream operator's leverage ratio was just 3 in the trailing twelve months ended March 31.
- Units of EPD are priced 13% below my fair value estimate.
- The company's total return prospects could be healthy in the years ahead.
In dividend growth investing, I make what I believe are the best decisions given the data that I have at any given time. After all, this is the best that I can do.
Oftentimes, this works out well for me. I make long-term investments in high-quality businesses. These companies continue to consistently grow sales/earnings, the dividend or distribution moves higher over time, capital appreciation occurs, and my investing life is good. I'm content....
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Enterprise Products Partners: I'm Buying More Of This Quality High-Yielder