Seeking Alpha

One of the cheapest midstream stocks out there is Enbridge Energy Management (EEQ). The company has a unique structure in which it pays out its dividend in the form of additional shares instead of cash. The stock dividends are of a similar value to the cash distributions paid out by the MLP Enbridge Energy Partners (EEP). These stock dividends result in Enbridge Management's stock being substantially more IRA friendly than units in the MLP. The current yield for Enbridge Management is about 7.20%.

Ownership Structure

Enbridge Management is a limited liability company that was formed to manage and control the business and affairs of Enbridge Partners. Enbridge Management's only assets are its 16.6%...

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