5 Best MLP Dividend Stocks To Buy

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

Number of Hedge Fund Holders: 25

Enterprise Products Partners L.P. (NYSE:EPD) operates in the midstream energy sector. The company is involved in the transportation, storage, and processing of natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. On January 8, the company declared a 3% hike in its quarterly dividend to $0.515 per share. Through this increase, the company stretched its dividend growth streak to 25 years, which makes EPD one of the best MLP dividend stocks on our list.

At the end of September 2023, 25 hedge funds tracked by Insider Monkey reported having stakes in Enterprise Products Partners L.P. (NYSE:EPD), the same as in the previous quarter. The collective value of these stakes is more than $325.2 million.

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