7 Reasons Buying $1,000 of This 7.8%-Yielding Dividend Stock Could Be a Brilliant Move
If you had invested $10,000 in Enterprise Products Partners (NYSE: EPD) three years ago, your investment would have grown to close to $15,400 today. That's a return most investors would likely love to get over such a short period.
A large chunk of those gains would have stemmed from Enterprise's distribution, which currently yields over 7.8%. Without the distributions, your initial $10,000 investment would be worth only around $12,300.
You can't go back in time to make money by investing in Enterprise Products Partners. However, I think the midstream energy company is a great pick for investors now. Here are seven reasons why buying this 7.8%-yielding dividend stock could be a brilliant move.
Source Fool.com
