Enterprise Products Partners L.P. (EPD) will raise its quarterly distribution by 0.6 percent to $0.445 per unit in the first quarter of 2020. This distribution is the partnership’s 62nd consecutive quarterly distribution increase.
The next quarterly distribution will be paid on February 12, 2020, to unitholders of record as of the close of business on January 31, 2020. A new annual rate of $1.78 yields 6.1% at a stock price of $28.99 for EPD.
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.