EPD has earned the title of my number one favorite stock for long term and dividends.
Why? Short answer: Its the highest paying dividend yield where the company consistently raises the dividend over a long period. And, its below the 2014 price.
I really cant understand why its not a "dividend aristocrat"..since they have raised the dividend consistently for at least 20 years. It could be that its not on the dividend aristocrat list because most of the other companies which are on the list are much much larger.
Significantly, EPD's about 7.8 percent dividend yield OUT PACES the "other" dividend aristocrats by a wide margin.
The only dividend aristocrat "even close" to EPD is VFC's 7.3 percent dividend yield. The other dividend aristocrats quickly drop off in dividend yield to 3 to 5 percent dividend or less.
Yea, I will take EPD's extra .5 percent dividend over VFC as "I" consider EPD to have proven them selves an aristocrat.
Its certainly possible, or even likely, that EPD "joins" the Aristocrat list, and that will garner much attention from investors, because, Im not the only one in the world who likes consistent, increasing dividends.
It is just incredible to me that EPD is selling below its 2014 price. And, if you bother to check, you will find some consistent "insider buying" going on also. This is HUGE. Who knows the company better than its CEO or CFO or other insiders? Answer: No body. And I love it that these people have "skin in the game".
This is clearly "their retirement also" not just mine.
They do have a name for all this, above. Its called a "bargain". Yes, there is such a thing. There is no "universal law" that always applies "you get what you pay for". Nope. There are true bargains, and this is it. No, Im not telling you this so the price will go up and then I dump it. Nope. I expect my heirs will get my shares when I die. Its my ONE "forever" stock that Buffet talks about. The only way I will consider "taking profits" is if Im convinced it becomes overvalued. That is, if the dividend yield drops to 4 or 5 percent because of price increases AND I think there is a great chance of repurchasing my shares later.
This company, quite simply, has excellent management who performs and manages my money I have invested well. Our government could learn from them.
