Why Enterprise Products Partners L.P. Is a Retiree's Dream Stock
For many, retirement brings a shift from building a nest egg to living off of their nest egg. That transition changes the investing equation in a big way, with income and dividends taking center stage. If you're in that situation, then U.S. midstream industry giant Enterprise Products Partners L.P. (NYSE: EPD) is your dream stock. Here's why.
One of the first things that should catch your eye about Enterprise is its impressive dividend history. For example, the partnership's distribution has been increased every year for 20 consecutive years. But hidden in that streak is another one: Enterprise has also increased its distribution every quarter for an incredible 52 consecutive quarters. That consistency means that, as a retiree, you can expect to get a check -- and a raise -- every three months.
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Source: Fool.com
