Enterprise Products Partners L.P. (EPD) will raise its quarterly distribution by 1.2 percent to $0.41 per common unit.
The quarterly distribution will be paid on Tuesday, February 7, 2017, to unitholders of record as of the close of business on Tuesday, January 31, 2017. This distribution, which represents a 5.1 percent increase over the distribution declared with respect to the fourth quarter of 2015, is the 59th distribution increase since Enterprise’s initial public offering in 1998 and the 50th consecutive quarterly increase.
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.