Replies to post #289 on Enterprise Products Partners LP (EPD)

[pete807]

Latest in a long stream of positive opinions and articles about EPD. I have already held these past 20 yrs and plan to add.... everything from here is averaging up, lol, as cb is near -0-. thanks for posting!

If I'm going to buy a company for that long of a time period, you can bet your bottom dollar that its going to be a dividend stock with a long runway ahead of it. The power of reinvested dividends over that timeframe is simply too good to pass up. With that in mind, one company that fits my criteria as a 20 year holding is Enterprise Products Partners (NYSE:EPD)

As one of the nations largest transporters, processors, and exporters of natural gas liquids, the company has immense benefits of scale and a multitude of assets in various parts of the value chain that helps to offset the commodity risks that so many other pipeline companies face today. Also the company has a unique MLP structure and a conservative management team that focuses on measured, sustainable growth, instead of how fast it can grow its payout. This approach means it consistently reinvests on high return projects and doesn't rely as much on debt or equity raises to meet its capital needs like so many of its peers.

What is also more encouraging about Enterprise than many other of its competitors is that the company has a long track record of stable, growing payouts to its shareholders. Enterprise's board of directors most recent distribution raise is the 46th quarter in a row where the company has raised its dividend, and in total the company has raised its payout every year since its IPO in 1998.

Good bounce today! +2.74% in 2 1/2 hours is rare for a huge volume mature and stable stock as this.
$1.15 off low of two days ago...:0)