Nasdaq: 3 Things You Need to Know if You Buy Enterprise Products Partners Today
From Nasdaq:
Enterprise Products Partners (EPD) is a reliable dividend stock that has raised its distribution annually for over 25 years, yielding 7.7% to investors. The company operates in the oil and gas industry but its structure makes it less vulnerable to price fluctuations. It is one of the largest midstream operators in the US, providing the infrastructure needed to transport natural gas, oil, and chemicals across the country.
As a master limited partnership (MLP), Enterprise can provide tax benefits to investors, but it also comes with important tax implications that investors need to consider. The company has a strong financial position with a solid balance sheet, and it has several growth projects and strategic acquisitions to support future distribution growth.
Although Enterprise Products Partners is a solid choice for income-focused investors, the Motley Fool Stock Advisor team has not identified it as one of the 10 best stocks to buy at present.
Original: 3 Things You Need to Know if You Buy Enterprise Products Partners Today