Here's My Highest-Yielding Dividend Stock Right Now (It Pays 10.9%)
Yahoo Finance ·
I love to collect passive income. Right now, it provides me with additional money to invest. In the future, I plan to live on the passive income my portfolio produces. I own many high-yielding dividend stocks . The highest yield in my portfolio currently belongs to Enterprise Products Partners ( EPD +0.53% ) . My yield on cost is 10.9%, which is much higher than the master limited partnership's ( MLP ) current yield of 5.9% based on its recent trading price. Here's why I have such a high yield on my position and why it's important to look beyond a stock's current yield when investing for passive income. I started investing in Enterprise Products Partners nearly 20 years ago. I've steadily built up my position over the years. My cost basis is $20.55 per unit. At the current distribution rate, I'm earning a 10.9% yield on my cost basis, the highest in my portfolio. That's not because I bought all my units when Enterprise Products Partners' yield was in the double digits. Its payout has averaged around 6% during my holding period, including when I bought my initial units. It has only traded in the double digits twice since I started my position, and while I added both times, most of my purchases have been closer to its historical average yield.
AI 시장 분석
Enterprise Products Partners (EPD) offers investors a high yield of 10.9% through long-term dividend growth and a stable revenue structure. While the current dividend yield is around 5.9%, steady accumulation over 20 years has resulted in a high yield on cost. Investors should prioritize the company's dividend sustainability and long-term capital allocation strategy over simple current yields.
상승 영향
- Energy Infrastructure — MLP companies like EPD continue to deliver long-term dividend growth based on stable cash flows. This is viewed as an attractive asset for income-focused investors and may improve market sentiment across the energy infrastructure sector.
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