Forget Oil Majors: This Midstream Stock Pays a Better Dividend

Enterprise Products Partners (EPD), a midstream energy company, offers a superior dividend yield of 5.8% compared to oil majors Chevron (3.7%) and ExxonMobil (2.6%). The company's fee-based business model shields it from commodity price volatility, with 80% of gross operating margin derived from fees. EPD has raised its distribution for 28 consecutive years and reported record Q2 EBITDA of $2.8 billion, supported by strong U.S. energy demand.