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Can This High-Yield Stock Continue to Raise Its Distribution?

TheMotleyFool

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Can This High-Yield Stock Continue to Raise Its Distribution?: https://g.foolcdn.com/editorial/images/766443/industry-oil-rig-pipeline.jpg

Enterprise Product Partners (NYSE: EPD) has all the qualities investors should look for in a high-yield stock: a predictable business model; strong distribution coverage; solid balance sheet; and growth. This has allowed Enterprise to increase its distribution for 25 consecutive years.

Notably, Enterprise is structured as a master limited partnership (MLP) that issues a K-1. The tax treatment of MLP distributions is more complex, so it's best to consult a tax specialist before any investment.

So, can Enterprise continue its streak? Let's look at why there is a high probability the answer is yes.

Source Fool.com