One of the cheapest midstream stocks out there is Enbridge Energy Management (NYSE: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 (NYSE: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%.
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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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