Stocks were little changed this morning as market participants anxiously awaited progress on a deal to raise the debt ceiling. Treasury Secretary Janet Yelen said last week that a lack of a deal could spur an “economic catastrophe,” as the U.S. faces the possibility of default as early as June 1.
The price of Oil has come down significantly recently and is currently hovering around $71 per barrel. This latest pullback is creating an undeniable opportunity for investors looking to boost passive income with a position in one of the best high yield stocks available. Thanks to accelerating distribution growth, this company is well-positioned to continue delivering market-crushing returns alongside a very low risk profile.
Enterprise Product Partners (EPD)
Enterprise Product Partners’ conservatively positioned balance sheet, high yield and accelerating distribution growth make the stock a compelling opportunity amid plunging oil prices.
The solid demand for the midstream energy company’s services and geographically diversified assets enable the company to consistently grow its EBITDA and cash flows to support its hefty dividend yield. Its adjusted EBITDA has increased at a CAGR of 10.6% since 2017. Meanwhile, its adjusted free cash flow per unit had a CAGR of 32% during the same period.
While many peers such as Energy Transfer (ET), Kinder Morgan (KMI) have slashed their payouts in the past during energy market declines, EPD has continued to grow its dividend year after year for a quarter century at a CAGR of 7%. Currently, EPD’s dividend yield stands at around 8% and is highly likely to continue to climb over the long term.
Warning: Biden’s Big Blackout is Coming
So-called “green” energy is… DANGEROUS to human health… BAD for the environment…
And it DOES NOT WORK.
Right now, “green” energy is contributing to…Fuel shortages (the media has ignored this)…Sky-high energy bills hurting good Americans…And blackouts affecting every corner of our nation.
Democrats don’t mention any of this, do they Well, “stuff” is about to hit the fan.The collapse of their “Green New SCAM” will usher in…
The Triumphant Return of American Energy.…
[Click here to learn how to profit from the coming energy boom.]
Oil Surge Predicted…But Are You Ready?
Do you own oil and gas stocks? Or are you thinking about buying some?
If so, you need to see my #1 oil play for 2023. But it’s NOT oil stocks, futures, or anything you’ve likely heard about.
Rather, it’s an unusual way to potentially bank monthly income from the oil and gas markets.
Rather, it’s this little-known alternative investment.
[Click here to learn more. >>]