Enterprise Products Partners L.P. (EPD) will raise its quarterly distribution by another 0.6 percent to $0.44 per unit in the third quarter of 2019. This distribution is the partnership’s 60th consecutive quarterly distribution increase.
The next quarterly distribution will be paid Tuesday, August 13, 2019, to unitholders of record as of the close of business Wednesday, July 31, 2019. A new annualized rate of $1.76 yields 5.8% at a stock price of $30.49.
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.