5 Safe Dividend Stocks with Over 4% Yield

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

Dividend Yield as of August 16: 7.00%

Enterprise Products Partners L.P. (NYSE:EPD) is an American midstream natural gas and crude oil pipeline company that also specializes in refined products and petrochemicals. On July 7, the company hiked its quarterly dividend by 2.2% to $0.475 per share. This was the company’s 23rd consecutive year of dividend growth. As of August 16, the stock’s dividend yield came in at 7.00%.

In Q2 2022, Enterprise Products Partners L.P. (NYSE:EPD) reported an operating cash flow of over $2 billion, and its free cash flow came in at $1.7 billion. The company’s revenue for the quarter presented a 70% year-over-year growth at $16.06 billion. Its distributable cash flow also grew 30% to $2 billion in Q2.

At the end of Q1 2022, 19 hedge funds in Insider Monkey’s database owned stakes in Enterprise Products Partners L.P. (NYSE:EPD), down from 21 in the previous quarter. The combined value of these stakes is over $177.5 million. First Eagle Investment Management was the company’s leading shareholder in Q1, owning over 3.2 million shares.

ClearBridge Investments mentioned Enterprise Products Partners L.P. (NYSE:EPD) in its Q1 2022 investor letter. Here is what the firm has to say:

“While reducing in health care and consumer staples, we increased our exposure to high-quality names in economically sensitive areas of the market. We added to low-cost, high-quality energy names (including) Enterprise Products Partners LP. We are positive on this company’s strong balance sheets, competitive positions and exposure to an economic recovery.”

You can also take a look at 10 Blue Chip Dividend Stocks with Over 5% Yield and 10 Monthly Dividend Stocks with Over 5% Yield

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