10 Safe Dividend Stocks with Yields Above 5%

4. Enterprise Products Partners L.P. (NYSE:EPD)

Dividend Yield as of April 20: 6.9%

Enterprise Products Partners L.P. (NYSE:EPD) is a Texas-based midstream natural gas and crude oil and pipeline company. The company owns a wide range of midstream energy infrastructure, including pipelines, storage facilities, and processing and transportation systems. Since the company primarily earns revenue through usage fees rather than commodity prices, its performance is more closely tied to energy demand than to market price fluctuations. Given the essential role energy plays in daily life, demand tends to stay resilient regardless of broader global conditions.

In the fourth quarter of 2024, Enterprise Products Partners L.P. (NYSE:EPD) reported revenue of $14.2 billion, surpassing analysts’ estimates by $74.5 million. The company generated $1.9 billion in operating income and posted a net income of $1.63 billion.

Cash flow remained strong, with operating cash flow topping $2.3 billion and adjusted free cash flow coming in at $336 million for the quarter. Thanks to this financial stability, Enterprise Products Partners L.P. (NYSE:EPD) announced its 27th straight year of dividend growth in January 2025. The company pays a quarterly dividend of $0.535 per share and has an attractive dividend yield of 6.9%, as recorded on April 20.