5 Best American Dividend Stocks to Invest In

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

Dividend Yield: 7.62%
Number of Hedge Fund Holders: 30

Ranking number 2 in the 10 best American dividend stocks to invest in list is Enterprise Products Partners L.P. (NYSE: EPD) which is a midstream energy service provider that caters to consumers of natural gas, petrochemicals, crude oil, and refined products. Headquartered in Houston, Texas, Enterprise Products Partners L.P. (NYSE: EPD) has a high yield dividend stock that is worth buying due to its strong financial outlook.

Enterprise Products Partners L.P. (NYSE: EPD) reported a net income of $1.3 billion or $0.61 per diluted share in the first quarter of 2021 compared to $1.4 billion or $0.61 per diluted share in the first quarter of 2020. Enterprise Products Partners L.P. (NYSE: EPD) has started to see stronger demand for NGLs, crude oil, and primary petrochemicals as the world is recovering from the effects of the COVID-19 lockdowns. At the end of 2020, the annual dividend of Enterprise was reported to be $0.445. The average dividends per share growth rate for the company was 3.30% for the past 5 years. Enterprise Products Partners L.P. (NYSE: EPD) has a high dividend yield of 7.62% making it one of the best American dividends to invest in.