5 Safe Dividend Stocks for 2022

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

Number of Hedge Fund Holders: 25

Dividend Yield: 7.86% (as of January 4)

No. of Years of Consecutive Dividend Increase: 22

Enterprise Products Partners L.P. (NYSE:EPD) deals in the production and sale of natural gas and petrochemicals. For the third quarter, Enterprise Products Partners L.P. (NYSE:EPD) posted an EPS of $0.54, beating estimates by $0.03. Quarterly revenue amounted to $10.83 billion, exceeding analysts’ forecasts by $2.33 billion.

Enterprise Products Partners L.P. (NYSE:EPD) has increased its payout for 23 consecutive years, and returned more than $40 billion in capital to shareholders.

As of the third quarter, 25 hedge funds were bullish on Enterprise Products Partners L.P. (NYSE:EPD) stock, in comparison to 28 stocks a quarter ago.

In October, Mizuho analyst Gabriel Moreen reiterated a ‘Buy’ rating on Enterprise Products Partners L.P. (NYSE:EPD) stock, raising the price target to $29 from $28. The analyst noted that the company was positioned to benefit in a $75 per barrel crude environment, similar to other midstream outperformers, and has the ability to translate earnings to cash return.

You can also take a look at Bill Gates’ Stock Portfolio: Top 15 Picks and 10 Best Dividend Stocks Under $20

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