15 Best Low Priced Dividend Stocks to Buy Now

7. Enterprise Products Partners L.P. (NYSE:EPD)

Share Price as of the Close of March 17: $33.89

Forward P/E Ratio as of March 17: 11.35

Enterprise Products Partners L.P. (NYSE:EPD) ranks seventh on our list of the best low priced stocks that pay dividends. The midstream natural gas and crude oil pipeline company stands out in the midstream sector as one of the few companies with an investment-grade credit rating, while also maintaining one of the lowest debt ratios among its peers. This financial stability results in minimal investment risk, especially given the midstream industry’s reliable nature, often likened to utilities. The company’s prudent management approach further enhances its stability, making it a secure investment choice. Its strong fourth-quarter performance has reinforced analysts’ positive growth outlook.

In the fourth quarter of 2024, Enterprise Products Partners L.P. (NYSE:EPD) reported revenue of $14.2 billion, exceeding analysts’ expectations by $74.5 million. Its operating income reached $1.9 billion, while net income stood at $1.63 billion.

The company continued to generate strong cash flow, with operating cash flow surpassing $2.3 billion during the quarter and adjusted free cash flow amounting to $336 million. This financial strength enabled EPD to announce its 27th consecutive annual dividend increase in January 2025. It currently pays a quarterly dividend of $0.535 per share and has a dividend yield of 6.31%, as of March 17.

Over the past year, Enterprise Products Partners L.P. (NYSE:EPD) has gained nearly 18%, entering a growth phase fueled by rising demand for natural gas liquids (NGL) exports and increasing electricity consumption linked to AI. The company currently has $6.9 billion in expansion projects underway and expects AI-driven energy needs to drive further demand for natural gas. With an extensive pipeline and storage network, Enterprise is well-positioned to capitalize on these trends. It has also highlighted its strong presence in the Dallas-Fort Worth and San Antonio regions, which are emerging as key data center hubs.