Enterprise Products Partners L.P. (EPD) will raise its quarterly distribution by 0.6 percent to $0.43 per unit in the third quarter of 2018. The new yield for the master limited partnership is 6.1%.
The quarterly distribution will be paid Wednesday, August 8, 2018, to unitholders of record as of the close of business Tuesday, July 31, 2018. This distribution, which represents a 2.4 percent increase over the distribution declared with respect to the second quarter of 2017, is the partnership’s 56th consecutive quarterly distribution increase and the 65th overall distribution increase since Enterprise’s initial public offering in 1998.
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.