32 Consecutive Dividend Increases Offers Blue Chip Income
Enterprise Products Partners L.P. ( EPD ) is the largest publicly traded energy partnership. The company has provided consistent results since their initial public offering (IPO) in 1998. The partnership provides midstream enterprise services in North America. Midstream operations are less prone to commodity price swings.
A successful 14 year track record suggests this is a blue chip income stock to buy and hold. An investor has received an annual return of 22.08% , on average, with dividends reinvested since 1998. As the company has 32 quarters of consecutive increases, I address 3 key reasons why Enterprise Products Partners is a compelling valuation.
Note: Seeding this article is not meant to be a recommendation to buy or sell any securities. Investing in any equities involves risk, and may result in the loss of part or all of your invested capital.
Or even depression, erectile disfunction, warts, alcoholism... or worse!
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Full disclosure: Yup, I do own shares of this puppy!
Don't be too impressed, however-- I just bought it today, so so far I haven't earned anything from it.
LOL, worth looking at, no bout adout that.
For what it is worth, I have owned EPD for three years + and have no complaints. Tax reporting is a little complicated, but otherwise it is a good investment.