These 7% dividend stocks have the fuel to increase their payouts through at least 2026.

Enterprise Product Partners (NYSE:EPD) AND MPLX (NYSE: MPLX) offer investors the best of both worlds. Master limited partnerships (MLPs) pay gigantic distributions (both currently yielding over 7%). They too could grow keep your earnings and paychecks at a healthy level for years.

The MLP there are enough commercially secured organic expansion projects currently under construction to increase cash flow through at least 2026. This should provide them with enough fuel to continue increasing their high-yield payouts.

The $6.7 billion fuel will continue to grow

Enterprise Products Partners is a distribution growth machine. MLP has has increased its payments for 26 years in a rowevery year from the date of publication. It has increased its payouts at a compound annual rate of 7% by investing in expanding its portfolio of stable mid-market assets through acquisitions and organic expansion.

The company currently has major capital projects worth $6.7 billion under construction. These include additional natural gas processing capacity, pipeline expansions and larger export capacity projects. The current pipeline of projects should be available online by the end of 2026. This gives the MLP great insight into its ability to grow cash flow and distribution over the next few years.

Enterprise product partners can easily fund this development. It has a low distribution payout ratio, which consists of 55% of adjusted operating cash flow, and is low leverage ratio from 3.0. This gives great flexibility in financing current operations slate investment projects and make new investments as opportunities arise.

MLP is working to improve growth prospects. It recently agreed to buy Pinon Midstream in an extremely favorable $950 million deal. This acquisition will increase cash flow per share next year, with further support from commercial synergies and future expansion potential. It’s also an aspiration several additional growth opportunities, including new gathering pipelines, increased export opportunities and other development projects. Securing these projects and making additional dynamic acquisitions could further extend growth prospects into the future.

Her partnerships pay dividends

MPLX has increased its distribution every year since it was released to the public over a decade ago. It has increased its payouts at a compound annual rate of 7.3% since 2020, including 10% in each of the last two years. Driving this growth has been a combination of organic expansion projects and acquisitions, which have helped drive distributable cash flow compounded annual growth rates of 7.7% over the past few years.

MLP should continue to grow at a healthy pace for the next few years. It is part of a joint venture (JV) that recently agreed to build the Blackcomb Pipeline, which is expected to be operational in the second half of 2026. The same JV formed helping to finance the construction of the Rio Bravo pipeline, which is also expected to be commissioned in 2026. MPLX has several other expansion projects underway on the track into service over the next few years.

These projects provide it with great insight into its ability to grow free cash flow. Meanwhile, it has great financial flexibility to finance its ongoing operations slate projects and new investment opportunities, including dynamic acquisitions. It ended in the second quarter with $2.5 billion in cash and a low leverage ratio of 3.4x. This comes after making several acquisitions this year, including purchasing an additional 20% stake in the BANGL pipeline, which it is currently expanding, and spending $625 million to buy out existing joint ventures and a dry gas gathering system. Future high-return, incremental acquisitions and expansions may continue to strengthen and expand the company’s distribution expansion capabilities.

Sufficient fuel for further development of high-efficiency distribution systems

Enterprise Products Partners and MPLX have expanded their distributions every year since they became public knowledge. Given this, it appears these trends will continue until at least 2026 expansion projects they have go down the pipeline. They are a great option for people looking for a lucrative and growing passive income stream and are not comfortable with receiving Appendix Federal Tax Form K-1 every year.

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Matt DiLallo holds positions in the Enterprise Product Partners department. The Motley Fool recommends enterprise product partners. The Motley Fool has a disclosure policy.