20 Best Dividend Growth Stocks with High Yields

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

Dividend Yield as of May 13: 6.88%

Enterprise Products Partners L.P. (NYSE:EPD) is an American midstream energy company that operates an extensive portfolio of infrastructure. The limited partnership manages a vast network of more than 50,000 miles of pipelines, which carry crude oil, natural gas, natural gas liquids (NGLs), and various hydrocarbons throughout the United States. In addition, it owns and operates natural gas processing units, storage facilities for liquids, fractionation plants, and other midstream infrastructure. Its financial performance remains resilient and is not heavily influenced by changes in commodity prices. The stock has delivered an over 10% return in the past 12 months.

In the first quarter of 2025, Enterprise Products Partners L.P. (NYSE:EPD) reported revenue of $15.4 billion, which showed a 4.45% growth from the same period last year. The revenue also exceeded analysts’ estimates by $1.4 billion. The company’s operating income came in at $1.76 billion, and its net income was $1.4 billion.

Enterprise Products Partners L.P. (NYSE:EPD)’s cash position makes it one of the best dividend stocks on our list. In the most recent quarter, the company reported an operating cash flow of $2.1 billion, and its free cash flow came in at $1.05 billion. Its quarterly dividend comes in at $0.535 per share for a dividend yield of 6.88%, as of May 13. The company’s dividend growth streak spans 27 years.