Enbridge Energy Partners, L.P. (EEP)

[bananarama]

Hi,
I am new this board. I learned about this company through Richard Band who writes a newsletter called Profitable Investing. He recommends purchase of EEQ, so my dividends come in as shares rather than cash.

No matter, the dividend is hard to beat with EEQ. I currently earn 7.2% in my IRA. Starting next year, I will cash the shares as I receive them every quarter and take the money as income to supplement my retirement.

Toll taker stocks like EEQ/EEP are wonderful to own in that the dividends are hard to beat. Utility-like stocks are safer than any other classes of stocks....