According to CoinMeta, Enterprise Products Partnership (NYSE : EPD) has been increasing its quarterly dividends for 29 consecutive years without any reduction. Although midstream energy is relatively stable compared to other segments of the energy industry, it is quite rare to see zero reductions or suspensions in dividend payments among pipeline stocks. Other large pipeline master limited partnerships (MLPs), such as Plains All American Pipeline and Energy Transfer, have previously been forced to cut their dividends. A key reason for Enterprise Products' strong track record is its cautious approach to cash flow distribution. The company provides several financial indicators in its quarterly reports, one of which is particularly noteworthy: the dividend coverage ratio, which is the ratio of distributable cash flow to dividends. In the last quarter, this ratio was 1.9, meaning that the distributable cash flow generated by MLP was nearly twice the amount of dividends paid. With this high coverage ratio, the company has been able to maintain and increase its dividends by nearly 5.75%. At the same time, the company has sufficient cash flow to fund growth and expansion, reducing the need to borrow or issue additional MLP units.