Enterprise Products Partners L.P. (EPD) will raise its quarterly distribution by 0.6 percent to $0.4375 per unit in the second quarter of 2019.
The quarterly distribution will be paid Monday, May 13, 2019, to unitholders of record as of the close of business Tuesday, April 30, 2019. The new annual distribution yields an estimated 6% at current prices.
This distribution, which represents a 2.3 percent increase over the distribution declared with respect to the first quarter of 2018, is the partnership’s 59th consecutive quarterly distribution 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.