Enterprise Products Partners L.P. (EPD) will raise its quarterly distribution by 0.6 percent to $0.435 per unit in the first quarter of 2019.
The quarterly distribution will be paid Friday, February 8, 2019, to unitholders of record as of the close of business Thursday, January 31, 2019. This distribution, which represents a 2.4 percent increase over the distribution declared with respect to the fourth quarter of 2017, is the partnership’s 58th consecutive quarterly distribution increase. Enterprise has increased its cash distribution rate for 20 consecutive years.
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.