5 Dividend Stocks With Over 5% Yield

In this article, we discuss the 5 dividend stocks with over 5% yield. If you want to read our detailed analysis of these stocks, go directly to the 10 Dividend Stocks With Over 5% Yield.

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

Dividend yield as of February 27: 7.82%

Number of Hedge Fund Holders: 21

Enterprise Products Partners L.P. (NYSE:EPD) is another high-yielding dividend stock from the midstream industry. Enterprise Products Partners L.P. (NYSE:EPD) provides a $1.86 yearly dividend to its stockholders. The Houston-based company operates approximately 50,000 miles of pipelines, multiple natural gas processing units, and several import and export terminals in the US. 

Investors are drawn to Enterprise Products Partners L.P. (NYSE:EPD) not only because of its dividends but also because of its strong financial health, as seen by its latest Q4 2021 revenue and earnings. Revenue for the fourth quarter was $11.4 billion, up from $7.04 billion in Q4 2020, and total revenue for 2021 increased by 50% year on year to $40.8 billion. In addition, Enterprise Products Partners L.P. (NYSE:EPD) ended 2021 with $6.3 billion of free cash flow, up from $2.7 billion in 2020, owing primarily to the net effect of changes in working capital accounts and a decrease in capital expenditures.

As of the fourth quarter of 2021, 21 hedge funds out of the 924 funds tracked by Insider Monkey held stakes in Enterprise Products Partners L.P. (NYSE:EPD). New York-based investment management firm First Eagle Investment Management is the company’s biggest stakeholder. The firm held shares of Enterprise Products Partners L.P. (NYSE:EPD) since the first quarter of 2020 and increased its stake in the energy company by 12% as of the fourth quarter of 2021, bringing its total holdings to 3.14 million shares valued at $69 million.

Here is what ClearBridge Investments has to say about Enterprise Products Partners L.P. in its Q1 2021 investor letter:

“While reducing in health care and consumer staples, we increased our exposure to high-quality names in economically sensitive areas of the market. We added to low-cost, high-quality energy names (including) Enterprise Products Partners LP. We are positive on this company’s strong balance sheets, competitive positions, and exposure to economic recovery.”