{"id":10467,"date":"2022-08-08T19:09:03","date_gmt":"2022-08-09T00:09:03","guid":{"rendered":"http:\/\/blog.jlbn.net\/?p=10467"},"modified":"2022-08-08T19:09:04","modified_gmt":"2022-08-09T00:09:04","slug":"best-dividend-stocks-top-pipeline-stock-raises-dividend-again-delivers-7-3-yield","status":"publish","type":"post","link":"http:\/\/blog.jlbn.net\/?p=10467","title":{"rendered":"Best Dividend Stocks: Top Pipeline Stock Raises Dividend Again, Delivers 7.3% Yield"},"content":{"rendered":"\n<p>Top pipeline stock\u00a0<strong>Enterprise Products Partners<\/strong>\u00a0(<a rel=\"noreferrer noopener\" href=\"https:\/\/research.investors.com\/quote.aspx?symbol=EPD\" target=\"_blank\">EPD<\/a>) is back in focus after the company once again raised its dividend for investors.<\/p>\n\n\n\n<p>On July 6, the company announced a 5.6% increase to its dividend, with the next payment of 47.5 cents to be paid out on Aug. 12 to shareholders as of Friday, July 29.<\/p>\n\n\n\n<p>Dividend increases are the norm for this company. Enterprise Products has&nbsp;<a href=\"https:\/\/ir-west.enterpriseproducts.com\/news-releases\/news-release-details\/enterprise-increases-quarterly-distribution-0\">increased its dividend an astounding 74 times<\/a>&nbsp;since its IPO in 1998.<\/p>\n\n\n\n<h2>7.3% Yield Makes Enterprise Products Top Dividend Stock<\/h2>\n\n\n\n<p>Enterprise Products runs over 50,000 miles of crude and natural gas pipelines across the American Midwest. It also operates natural gas storage and processing sites.<\/p>\n\n\n\n<p>The firm currently boasts an annualized dividend yield of 7.3%, well above the 1.5% average yield of the S&amp;P 500. In addition to its impressive dividend, earnings growth is expected for the next several years. After reporting earnings of $2.20 per share last year, EPS is expected at $2.47 and $2.58 in 2022 and 2023 respectively.<\/p>\n\n\n\n<p>Strong results have been largely due to soaring energy prices, especially natural gas. The commodity has surged amid geopolitical tensions.<\/p>\n\n\n\n<h2>Enterprise Products to Report Earnings Aug. 3<\/h2>\n\n\n\n<p>Enterprise Products will report its second-quarter earnings next Wednesday. Earnings are estimated at 62 cents per share on revenue of $12.26 billion, according to FactSet.<\/p>\n\n\n\n<p>While earnings will be in focus, a larger discourse will certainly be played out around volatile energy prices. The biggest risk to Enterprise Products is a large decline in energy prices, which could be caused by a recession or a thawing of geopolitical tensions with Russia.<\/p>\n\n\n\n<p>However, as&nbsp;<a href=\"https:\/\/www.investors.com\/research\/the-income-investor\/best-dividend-stocks-this-pipeline-firm-delivers-6-8-yield-strong-financials\">a pipeline stock<\/a>, cash flows are more stable; a BBB+ debt rating from S&amp;P gives investors some assurance that the company is well suited to meet its dividend obligations.<\/p>\n\n\n\n<p>Nonetheless, volatile energy prices have caused stock volatility. After reaching a new high in early June, Enterprise Products lost 20% in a single week before rebounding this month.<\/p>\n\n\n\n<p>Shares are currently forming a cup base with a 28.75 buy point. The stock climbed back above the\u00a0<a href=\"https:\/\/www.investors.com\/how-to-invest\/investors-corner\/50-day-moving-average-identifies-buy-sell-signals\/\">50-day moving average<\/a>\u00a0the past few days.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Top pipeline stock\u00a0Enterprise Products Partners\u00a0(EPD) is back in focus after the company once again raised its dividend for investors. On<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[254,3421,3422],"tags":[3431,888,3425],"_links":{"self":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/10467"}],"collection":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10467"}],"version-history":[{"count":1,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/10467\/revisions"}],"predecessor-version":[{"id":10468,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/10467\/revisions\/10468"}],"wp:attachment":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10467"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}