Here's How Many Shares of Enterprise Products Partners You Should Own to Get $5,000 in Yearly Dividends
Dividend growth has contributed massively to this 6.5%-yielding stock's returns in the past.
Enterprise Products Partners (NYSE: EPD) stock is on a tear. Shares of the midstream oil and gas giant are up almost 26% in one year, as of this writing. Enterprise Products stock still yields a hefty 6.5%, thanks to steady dividend growth backed by rising cash flow.
To put some numbers to that, Enterprise Products has increased its dividend -- or "distribution," as it's called for master limited partnerships -- for 27 consecutive years. That dividend growth has contributed handsomely to the stock's returns over time.
That's the kind of dividend stock you'd want to own -- one that offers a bankable high yield -- to earn regular passive income. Here's how you can earn $5,000 in yearly dividends from Enterprise Products stock.
