This High-Yield Partnership Could Offer Retirees Sustainable Income
Sustainable income isn't just about a high yield. It's about the ability to keep paying that high yield in good times and bad. Even better is the ability to grow the distribution over time, which is why retirees looking for sustainable income should do a deep dive on Buckeye Partners, L.P. (NYSE: BPL) today. The oil and gas midstream partnership's 9% yield looks a little risky, but history suggests that the risk will pass.
When investors look at midstream partnerships like Buckeye, the reference point is often industry giant Enterprise Product Partners L.P. (NYSE: EPD). That makes complete sense since Enterprise has an incredible streak of 20 consecutive years with annual distribution increases. Here's a fun fact, though, Buckeye's streak is 22 years.
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Source: Fool.com
Enterprise Products Partners L.p. Stock
With 20 Buy predictions and not the single Sell prediction the community is currently very high on Enterprise Products Partners L.p..
With a target price of 30 € there is a hugely positive potential of 99.68% for Enterprise Products Partners L.p. compared to the current price of 15.02 €.
