Enterprise Products Partners Has Had 28 Consecutive Annual Dividend Increases. Does the Energy Stock Have Enough Fuel to Keep the Streak Going?

Enterprise Products Partners (EPD), a master limited partnership in the midstream energy sector, has increased its dividend for 28 consecutive years and just raised its quarterly payout by 2.8% to $0.56, offering a 5.88% yield. The company's fee-based pipeline business model insulates it from commodity price volatility, with 80% of gross operating margin derived from fixed-fee contracts. With a conservative payout ratio of 80%, strong distributable cash flow coverage of 1.8x, and investment-grade credit rating, the company appears well-positioned to maintain its dividend streak.