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Enterprise Products Partners Raises Dividend

Enterprise Products Partners (NYSE: EPD  ) is about to drop a few more coins into the pockets of its investors. The partnership has declared its latest distribution, which is to be $0.69 per common unit paid on November 7 to shareholders of record as of October 31. That amount is $0.01, or 1.5%, higher than the firm's previous payout of $0.68, which was dispensed at the beginning of August.

In the press release announcing the news, the partnership did not hesitate to mention that the upcoming disbursement will represent its 37th increase in a row, and its 46th overall since its 1998 IPO.

The new distribution annualizes to $2.76 per unit. That yields 4.5% at Enterprise's current unit price of $61.48.


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9/28/2016 4:02 PM
EPD $27.50 Up +0.57 +2.12%
Enterprise Product… CAPS Rating: ****