Enterprise Products Partners, a North American midstream giant, has increased its distribution annually for 27 years, offering a lofty 6.8% yield. Operating in the reliable midstream segment of the energy sector, it transports oil, natural gas, and derivatives globally. With strong cash flows covering distributions by 1.7 times, backed by an investment-grade balance sheet, Enterprise has expanded its distribution through downturns. While reinvesting distributions has led to a 3,470% total return since its IPO, spending them reveals a 490% unit price increase. Consider these factors before investing in Enterprise for reliable high yields and potential capital appreciation.
Read more at Yahoo Finance: Is Ultra-High-Yield Enterprise Products Partners Your Ticket to Becoming a Millionaire?
