Enterprise Products Partners L.P. (EPD) will raise its quarterly distribution by 1.3 percent to $0.405 per unit.

This distribution is equal to the distribution that Enterprise’s management had indicated in its press release dated January 4, 2016 that it would recommend to the board of Enterprise’s general partner with respect to the third quarter of 2016.

The quarterly distribution will be paid on Monday, November 7, 2016, to unitholders of record as of the close of business on Monday, October 31, 2016. This distribution, which represents a 5.2 percent increase over the distribution declared with respect to the third quarter of 2015, is the 58th distribution increase since Enterprise’s initial public offering in 1998 and the 49th consecutive quarterly increase.

The estimated dividend yield for Enterprise Products Partners is 6.1%.

Enterprise Products Partners L.P. is a North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. EPD's services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and export and import terminals; crude oil gathering, transportation, storage, export and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems.