EPD dividend yield – Live Forever On Dividends With Enterprise Products Partners L.P.

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Living off of dividends is a dream of many investors, and Enterprise Products Partners ($NYSE:EPD) L.P (NYSE: EPD) is one way to make that dream a reality. As one of the largest publicly traded partnerships in the world, Enterprise Products Partners has become a reliable source of income for its shareholders by providing steady and growing dividends over the years. It’s also involved in natural gas gathering and processing, NGL transportation, storage and fractionation, crude oil gathering and transportation, offshore production platforms, petrochemical transportation and services, and various other services.

The company’s business model is based on generating steady fee-based revenues from long-term contracts with customers, which helps provide stability to its income stream and enable it to continue to pay out growing dividends. With this kind of dividend growth, shareholders can rest assured that they will live off of the dividends generated by Enterprise Products Partners for years to come.

Dividends – EPD dividend yield

Investors looking to generate income and dividends for years to come should consider investing in Enterprise Products Partners L.P. (EPD). The dividend yields from 2021 to 2023 are estimated to be 7.63%, 7.61% and 7.76%, respectively, providing an average dividend yield of approximately 7.67%. With such high dividends, investors can rest assured they have a steady income coming in throughout the years.

EPD has proven itself to be a reliable source of high dividends throughout the years, and investors looking for a dividend stock should consider EPD as a viable option. With its consistent and strong dividend yields, EPD is one of the best ways to generate an income and live off of dividends for years to come.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for EPD. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for EPD. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for EPD. More…

Key Ratios Snapshot

Some of the financial key ratios for EPD are shown below. More…

Market Price

Enterprise Products Partners L.P is a publicly-traded, master limited partnership that operates one of the largest networks of energy and petrochemical transportation, storage, and distribution assets in the world. On Monday, their stock opened at $26.7 and closed at $26.6, down by 0.4% from its closing price of $26.7 the previous day. This makes them a great long-term investment option for those looking to live off of dividend income in retirement.

With Enterprise Products Partners L.P’s long track record of dividend payments and a strong balance sheet, investors have confidence that this company can continue to pay its healthy dividend yields for years to come. This makes them one of the best options for investors looking to live off of dividend income in retirement. Live Quote…

Analysis – EPD Intrinsic Stock Value

At GoodWhale, we have conducted an analysis of ENTERPRISE PRODUCTS PARTNERS L.P’s financials. After our evaluation, our proprietary Valuation Line has calculated the fair value of the share to be around $27.2. Currently, the stock is trading at $26.6, making it a fair price that is undervalued by 2.2%. Investing in ENTERPRISE PRODUCTS PARTNERS L.P at this moment could be a great opportunity to gain in the short term. More…

Peers

Enterprise Products Partners LP is a Houston-based partnership that owns and operates pipelines and other energy-related transportation and storage facilities. The company’s main competitors are Energy Transfer LP, Enbridge Inc, and Kinder Morgan Inc. All three companies are based in North America and are involved in the transportation and storage of oil and natural gas.

– Energy Transfer LP ($NYSE:ET)

Energy Transfer LP is a publicly traded partnership that owns and operates energy infrastructure assets in the United States. The company’s assets include natural gas pipelines, natural gas storage facilities, and crude oil pipelines. Energy Transfer LP is headquartered in Dallas, Texas.

– Enbridge Inc ($TSX:ENB)

Enbridge Inc is a Canadian energy transportation and distribution company. It has a market capitalization of $103.97 billion as of 2022 and a return on equity of 9.87%. The company operates in the oil and gas industry and owns and operates a network of pipelines that transport crude oil, natural gas, and refined products in Canada and the United States. Enbridge also owns and operates a fleet of oil tankers and gas storage facilities.

– Kinder Morgan Inc ($NYSE:KMI)

Kinder Morgan Inc is a leading North American energy company that specializes in the transport, storage, and distribution of natural gas and crude oil products. The company has a market capitalization of $40.72 billion as of 2022 and a return on equity of 7.82%. Kinder Morgan is one of the largest energy infrastructure companies in North America, with a network of approximately 84,000 miles of pipelines and 160 terminals. The company’s pipelines transport natural gas, crude oil, refined products, and CO2, while its terminals store and handle petroleum products, chemicals, and other bulk materials.

Summary

Enterprise Products Partners L.P. is an attractive investment opportunity for those looking for a stable source of income. The company operates as a midstream energy provider, transporting natural gas, crude oil, and other products through thousands of miles of pipelines and storage facilities. As a publicly traded limited partnership, Enterprise Products Partners pays quarterly dividends, making it a great option for dividend investors to live off of in the long term.

Additionally, Enterprise Products Partners has strong financials, with a strong return on equity and a debt-to-equity ratio that is lower than its peers. This means that Enterprise Products Partners is well-positioned to continue paying out its dividends over the long term, creating a reliable source of income.