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Thursday, January 12, 2023 8:06:17 AM
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.
Recent EPD News
- Enterprise Products Partners L.P. (NYSE: EPD) Co-CEO Jim Teague Interviewed by Advisor Access • GlobeNewswire Inc. • 09/10/2024 12:30:00 PM
- Enterprise to Participate in Investor Conferences • Business Wire • 09/04/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 08:10:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 08:10:08 PM
- Enterprise to Acquire Piñon Midstream • Business Wire • 08/21/2024 11:00:00 AM
- Enterprise to Participate in Citi One-on-One Midstream & New Energy Infrastructure Conference • Business Wire • 08/12/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/05/2024 08:05:31 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/05/2024 01:18:33 PM
- Enterprise Prices $2.5 Billion Aggregate Principal Amount of Senior Notes • Business Wire • 08/01/2024 10:33:00 PM
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 08/01/2024 09:24:26 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/01/2024 12:14:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/31/2024 08:10:06 PM
- U.S. Futures Climb Before Fed Meeting; Oil Prices Drop on China Demand Worries • IH Market News • 07/30/2024 10:06:14 AM
- Enterprise Expanding Houston Ship Channel Export Facility • Business Wire • 07/30/2024 10:05:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/30/2024 10:01:17 AM
- Enterprise Reports Results for Second Quarter 2024 • Business Wire • 07/30/2024 10:00:00 AM
- Enterprise Declares Quarterly Distribution • Business Wire • 07/10/2024 09:34:00 PM
- Enterprise 2023 Schedule K-3 Forms Now Available • Business Wire • 06/27/2024 09:05:00 PM
- Enterprise to Participate in J.P. Morgan Energy, Power and Renewables Conference • Business Wire • 06/14/2024 12:00:00 PM
- Enterprise Begins Open Season for Expanded Diluent Service on TE Products Pipeline System • Business Wire • 06/03/2024 10:04:00 PM
- Enterprise to Participate in 21st Annual Energy Infrastructure CEO & Investor Conference • Business Wire • 05/20/2024 12:00:00 PM
- U.S. Index Futures Point to Mild Decline Ahead of Key Earnings and Fed Rate Decision • IH Market News • 04/30/2024 11:59:59 AM
- Enterprise Reports First Quarter 2024 Earnings • Business Wire • 04/30/2024 10:00:00 AM
- Enterprise Receives Deepwater Port License for Spot Project • Business Wire • 04/09/2024 12:00:00 PM
- Enterprise Declares Quarterly Distribution • Business Wire • 04/05/2024 01:41:00 PM
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