Why Long-Term Investors Should Look at Enterprise Products Partners (EPD) Among Cheap Dividend Stocks

Enterprise Products Partners L.P. (NYSE:EPD) is included among the 13 Incredibly Cheap Dividend Stocks to Invest in.

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Enterprise Products Partners L.P. (NYSE:EPD) is a major player in the midstream energy sector and has consistently generated reliable cash flow, even during challenging times such as the 2007–2009 financial crisis, the 2015–2017 oil price downturn, and the COVID-19 pandemic from 2020 to 2022.

Enterprise Products Partners L.P. (NYSE:EPD)’s stability comes from its business model. As a limited partnership, it manages more than 50,000 miles of pipelines that move crude oil, natural gas, and natural gas liquids (NGLs) across the US. This vital infrastructure tends to hold up well during recessions. Inflation is also less of a risk, since about 90% of the company’s long-term contracts include escalation clauses tied to inflation.

Data centers that support artificial intelligence (AI) applications represent a major growth opportunity for Enterprise Products Partners L.P. (NYSE:EPD). These facilities consume enormous amounts of electricity, and natural gas remains one of the primary fuels used by power plants to meet that demand.

Enterprise Products Partners L.P. (NYSE:EPD) is one of the best dividend stocks to consider, as the company has been growing its payouts for 27 consecutive years. It currently pays a quarterly dividend of $0.545 per share and has a dividend yield of 6.88%, as of September 19.

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Disclosure: None.