Just wanted to appeal to some of the more knowledgeable posters here. I'd like to take a position in one of the MLPs. I do like Kinder Morgan (KMI), but my concern is that its payout ratio is awful. There seems to be more reputable institutional owners in EPD, and its payout ratio seems a lot more manageable. However, I did not like seeing the public offering today.
My question to long-time shareholders is how sustainable is the dividend here? Is this a company that you could conceivably see continue to pay out dividends (and raise them) over the next 15-20+ years?
It is precisely these offerings which facilitate the growth which supports distribution growth.
Look at EPD's distribution history and read a primer on MLPs if you want to understand why your concerns are unfounded. The answer to your last sentence is yes.
also consider PAA and MMP, among others
don't put it all in 1, add a few
PAA reports today
MMP is down today, good entry
EPD market cap is twice the size of the both above combined!
Pick your poison, I own all 3, among others fyi