This Energy Stock Recently Increased its Dividend for the 26th Consecutive Year

Enterprise Products Partners L.P. (NYSE:EPD) is included among the 12 Best Oil and Gas Dividend Stocks to Buy Now.

Enterprise Products Partners L.P. (NYSE:EPD) announced a quarterly dividend of $0.545 per share in July, up 1.9% from its prior distribution and marking the company’s 26th consecutive year of dividend growth. EPD boasts a hefty annual dividend yield of 6.92%, as of July 15.

Enterprise Products Partners L.P. (NYSE:EPD) grew its distributable cash flow by 5% YoY to $2 billion in the first quarter of 2025, enough to cover its quarterly distribution by a comfortable 1.7 times. Moreover, the company reported $7.6 billion of major growth projects in its backlog at the end of Q1, with the majority of these projects coming online at the end of this year. This should provide the midstream operator with enough incremental free cash flow to sustain its high shareholder returns.

With an average 5-year revenue growth rate of 13.34%, Enterprise Products Partners L.P. (NYSE:EPD) is placed among the 10 High Growth Dividend Paying Stocks to Buy.

Enterprise Products Partners L.P. (NYSE:EPD) is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products, and petrochemicals.

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Disclosure: None.