Midstream Dividend Stocks With Growing Payouts -- One Yielding Over 6%

Midstream pipeline stocks are being highlighted as dividend opportunities, particularly pipeline master limited partnerships (MLPs) that are still trading at attractive valuations despite strong sector performance in 2026. The thesis ties a resurgence in new projects to AI data center build-outs: these facilities consume large amounts of power, increasing demand for natural gas transportation and processing—roles often described as “energy toll roads.” Two examples emphasized are Energy Transfer (NYSE: ET) and Enterprise Products Partners (NYSE: EPD). Energy Transfer plans to invest up to $5.9 billion in growth projects this year, including Permian takeaway infrastructure, and targets 5 to 6 times EBITDA build multiples. It pays a 6.4% yield and expects distribution increases of 3% to 5% annually, with a 2.2x distributable cash flow coverage ratio last quarter. The article also notes that about 90% of Energy Transfer’s business is fee-based.