Analyst trusts Enterprise Products Partners (EPD) 5.8% dividend yield, citing strong cash flow, conservative financials, and 28 years of payout increases
An analyst from The Motley Fool expressed confidence in Enterprise Products Partners (EPD) 5.8% dividend yield, highlighting the company's record $2.3 billion operational distributable cash flow in Q2, which covered its distribution 1.9 times. The company maintains a conservative leverage ratio of 3.0x, supporting its strong A-/A3 credit ratings. EPD has increased its dividend for 28 consecutive years, including a 2.8% rise over the past 12 months, and plans to invest $2.9 billion–$3.4 billion in expansion projects this year.
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