2 Pipeline Stocks That Turned $3,000 Into More Than $39,000

2 Pipeline Stocks That Turned $3,000 Into More Than $39,000

Pipeline companies can be excellent long-term investments. These entities generate relatively predictable cash flow because long-term, fee-based contracts back their assets, which gives them money to pay lucrative dividends as well as to build and buy additional assets that grow their cash flow streams. That growth, when compounded over the long term, can fuel fantastic total returns for investors.

Two pipeline stocks that have been powerful wealth creators for long-term investors are Enbridge (NYSE: ENB) and Enterprise Products Partners (NYSE: EPD). For example, those who invested in Enterprise when it came public nearly 20 years ago could have turned a $3,000 investment into $39,000 if they reinvested their distributions along the way, while those who bought Enbridge around that same time could have done even better.

Image source: Getty Images.

Continue reading

Source: Fool.com