Enterprise Products Partners As of September 18, 2023 ticker dps (an.) 2023 hike 2022 hike 2021 hike
EPD $2.00 5.3% 5.6% 1.1%
Business yield Hike yrs 5 yr CAGR freq. paid since
Midstream MLP 7.4% 25 2.9% Quarter 1998
Enterprise Products Partners hikes distribution by 1.1%

Enterprise Products Partners L.P. (EPD) will raise its quarterly distribution by 1,1 percent to $0.45 per unit. This follows a 0.6 percent hike announced by the MLP in the previous year. Enterprise has increased its cash distribution rate for 22 consecutive years and 2021 will normally mark the 23rd straight year of increases.

The quarterly distribution will be paid Thursday, February 11, 2021, to unitholders of record as of the close of business Friday, January 29, 2021. This distribution represents a 1.1 percent increase over the distribution declared with respect to the fourth quarter of 2019. A new annual rate of $1.80 yields 8,4% at a stock price of $21.39 for Enterprise Products Partners.

Two years ago, in 2019, the company announced four dividend hikes for a total increase of 2.3 percent. Enterprise Products Partners now pays an estimated $3.9 billion annually in distributions to unitholders.

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.

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Ex-date Ticker Yield YTD hike
Sep 21 MDT 3.3% 1.5%
Sep 21 IFF 4.8% 0.0%
Sep 22 WRB 0.7% 10.0%
Sep 22 ES 4.2% 5.9%
Sep 25 GE 0.3% 0.0%
Sep 25 EQR 4.3% 6.0%
Sep 26 SRE 3.2% 3.9%
Sep 26 PM 5.4% 2.4%
Sep 27 COP 1.6% 0.0%
Sep 28 DE 1.3% 12.5%