Is the EPD dividend safe?
Pipeline companies
Enterprise Products Partners has a safe dividend that grows. EPD's common units have recovery potential and future growth potential from either acquisitions or organic growth.
Key Points. Enterprise Products Partners is a master limited partnership. Units are a bargain today. This is a high-yield investment for any long-term investor.
As of 2023-09-30, Enterprise Products Partners LP's dividend payout ratio is 0.79, which may suggest that the company's dividend may not be sustainable.
Enterprise has proven it can survive economic downturns
Simply put, you want to own businesses that have a history of increasing their dividends in both good and bad markets. As noted, Enterprise has a pretty strong track record on that front.
The highest analyst price target is $36.00 ,the lowest forecast is $31.00. The average price target represents 16.56% Increase from the current price of $28.39. Enterprise Products Partners's analyst rating consensus is a Strong Buy. This is based on the ratings of 12 Wall Streets Analysts.
Safest Dividend Stock #1: Globe Life Inc. (
Founded in 1979, the company has raised its dividend every year for the past 18 years. Globe Life reported Q4 and full year 2023 earnings on February 7th, 2024. For the quarter, earnings-per-share were $2.88, above the $2.46 the company reported in the same quarter of 2022.
AIM Investment Funds (Invesco Investment Funds) owns the most shares of Enterprise Products Partners (EPD).
Based on our forecasts, a long-term increase is expected, the "EPD" stock price prognosis for 2029-04-11 is 39.038 USD. With a 5-year investment, the revenue is expected to be around +35.38%. Your current $100 investment may be up to $135.38 in 2029.
EPD boasts an average earnings surprise of 1%. With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding EPD to their portfolios.
Is EPD a safe stock to buy?
EPD is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with a P/E ratio of 10.36, which compares to its industry's average of 11.96. Over the last 12 months, EPD's Forward P/E has been as high as 10.88 and as low as 9.69, with a median of 10.21.
Based on short-term price targets offered by 17 analysts, the average price target for Enterprise Products Partners comes to $32.47. The forecasts range from a low of $28.00 to a high of $36.00. The average price target represents an increase of 11.12% from the last closing price of $29.22.
Total debt on the balance sheet as of December 2023 : $29.07 B. According to Enterprise Products's latest financial reports the company's total debt is $29.07 B. A company's total debt is the sum of all current and non-current debts.
It's possible to live off the income from high-dividend ETFs, but it may take some planning. You can find high-dividend ETFs by analyzing the ETF selection in your brokerage account.
Bottom line. Investors looking for the highest yields in the REIT world should be careful that they're not buying a stock that is poised to fall, costing them more money than they'd earn with the higher payout.
Dividend Payout Ratio
The lower the ratio, the more secure the dividend. Any ratio above 50% is generally considered a warning flag.
EPD Dividend Information
EPD has an annual dividend of $2.06 per share, with a forward yield of 7.14%. The dividend is paid every three months and the next ex-dividend date is Apr 29, 2024.
ENB - Performance Comparison. In the year-to-date period, EPD achieves a 9.80% return, which is significantly higher than ENB's -4.92% return. Over the past 10 years, EPD has outperformed ENB with an annualized return of 4.25%, while ENB has yielded a comparatively lower 2.20% annualized return.
27 years of consecutive dividend increase. 7.14% forward dividend yield.
| Dividend Stock | Current Dividend Yield* | Analysts' Implied Upside* |
|---|---|---|
| Johnson & Johnson (JNJ) | 3.1% | 25.3% |
| Merck & Co. Inc. (MRK) | 2.4% | 10.6% |
| Chevron Corp. (CVX) | 4% | 30.8% |
| Coca-Cola Co. (KO) | 3.3% | 18.1% |
What are the three best dividend stocks?
| Stock | Dividend yield |
|---|---|
| Coca-Cola Co. (KO) | 3.3% |
| Johnson & Johnson (JNJ) | 3.4% |
| Prologis Inc. (PLD) | 3.7% |
| Realty Income Corp. (O) | 5.9% |
| Company | Dividend Yield |
|---|---|
| Franklin BSP Realty Trust Inc. (FBRT) | 11.60% |
| Angel Oak Mortgage REIT Inc (AOMR) | 11.58% |
| Altria Group Inc. (MO) | 9.79% |
| Washington Trust Bancorp, Inc. (WASH) | 9.16% |
Enterprise Products Partners L.P. (NYSE: EPD) is an American midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. It acquired GulfTerra in September 2004. The company ranked No. 105 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
- Enterprise Products Partners.
- Martin Resource Management.
- OQ Chemicals.
- EnLink Midstream.
- Gazprom.
- Spectra Energy Partners.
- Plains GP Holdings.
- TC Energy.
| Market Cap | 63.204B |
|---|---|
| PE Ratio (TTM) | 11.57 |
| EPS (TTM) | 2.52 |
| Earnings Date | Apr 30, 2024 - May 06, 2024 |
| Forward Dividend & Yield | 2.06 (7.07%) |
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