When investors evaluate valuation, they often turn to metrics like P/E. However, dividend yield can also serve as a valuable measure of investor sentiment due to the consistency of dividend payments. This is why high-yield Enterprise Products Partners (NYSE: EPD) and TotalEnergies (NYSE: TTE) are attractive energy stocks to consider purchasing today.
Enterprise’s yield is historically high
With a 7.6% distribution yield, Enterprise is currently at the upper end of its historical yield range, indicating that it may be undervalued. However, this alone does not make it a compelling buy.
EPD Dividend Yield Chart
What makes this high yield appealing is the fact that the distribution has been increased for 25 consecutive years. Additionally, the MLP’s balance sheet is investment grade-rated, and distributable cash flow covered the distribution 1.7 times over in 2023. In other words, the…
2024-02-15 06:17:00
Post from finance.yahoo.com
