Enterprise Partners (EPD) A Dividend Grower (20+ years)

I have owned this company for over 10 years. It just keeps on keeping on, even when the government was trying to hem in their business.

It might seem odd to suggest an energy company at a time when oil prices are so volatile. But Enterprise operates in the midstream, helping to move oil and natural gas around the world. It charges fees for the use of its energy infrastructure assets and thus cares more about the volumes flowing through its system than about the prices of the commodities it moves.

The business's reliability is highlighted by Enterprise's streak of 27 annual distribution increases. On top of that, it has an investment-grade rated balance sheet, and its distributable cash flow covers its distribution by a very strong 1.7x. In fact, supply issues in the Middle East could help Enterprise if they lead to increased demand for U.S. oil and natural gas. Even the most conservative investors will likely find the 5.8% distribution yield from this midstream giant attractive.

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