Enterprise Products Just Raised Its Dividend. Here's What the New Yield Looks Like.

Enterprise Products Partners raised its dividend by 2.8% year-over-year, extending its 28-year streak of consecutive dividend increases. The midstream pipeline operator currently yields 5.8%, more than 5x the S&P 500 yield. With strong Q2 distributable cash flow of $2.3 billion, a 1.9x payout coverage ratio, and a manageable 56% payout ratio, the company demonstrates solid fundamentals supporting long-term dividend growth.