1 Extremely Safe Ultrahigh-Yield Dividend Stock
Enterprise Products Partners produces significant cash flow to cover its big-time distribution. Jim Teague, the MLP's co-CEO, stated on the Q1 call that "We generated $1.9 billion of distributable cash flow (DCF), providing 1.8 times coverage" for the distribution. Randy Fowler, Enterprise's CFO and its other co-CEO, drilled down a bit deeper during the call into its cash flow and capital allocation.