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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: Rosie42 who wrote (1507)	4/2/2023 3:26:56 PM
From: chowder	1 Recommendation Recommended By red cardinal Read Replies (1) \| Respond to of 21904

I haven't found OKE to be as attractive an investment for me as EPD or MMP from a dividend growth perspective. EPD has a 24 consecutive year rising dividend streak, and for MMP it's 21 years. OKE froze their dividend and now has just a 1 year rising dividend streak record. My investment in MLP's has to do with yield plus dividend growth. Others may find OKE's historical capital appreciation better to their liking but from my perspective, and that's what you are asking for, I don't buy higher yielding assets for capital growth, I purchase them for dividend income or dividend cash flows. I would not be opposed to the idea of owning OKE if I thought there was a chance of better capital growth and was willing to accept a frozen dividend from time to time. As usual, it depends on what it is you looking for an asset to do within your portfolio. Of the 3, I believe EPD has the better valuation at this time, OKE second and MMP third. I have been adding to EPD but again, I wouldn't argue against someone preferring OKE if they thought it would eventually provide more capital growth.