Enterprise Products Partners As of September 25, 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 7.2% 25 2.9% Quarter 1998
Enterprise Products Partners hikes distribution by 3.3%

Enterprise Products Partners L.P. (EPD) will raise its quarterly distribution by 3.3 percent to $0.465 per unit. This follows a 1.1 percent hike announced by the MLP in the previous year. Enterprise has increased its cash distribution rate for 24 consecutive years. Enterprise Products Partners now pays an estimated $3.9 billion annually in distributions to unitholders.

The quarterly distribution will be paid Friday, February 11, 2022, to common unitholders of record as of the close of business Monday, January 31, 2022. A new annual rate of $1.84 yields 7.9% at a stock price of $23.27 for Enterprise Products Partners.

In addition, during the fourth quarter of 2021, Enterprise purchased $125 million of its common units in the open market, bringing the total amount of common unit buybacks during 2021 to $200 million. Including these repurchases, Enterprise has utilized 24 percent of its $2.0 billion buyback program authorized in January 2019.

Enterprise Products Partners 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 27 COP 1.7% 0.0%
Sep 28 NUE 1.3% 0.0%
Sep 28 HUM 0.7% 12.4%
Sep 28 EIX 4.4% 0.0%
Sep 28 MDLZ 2.4% 10.4%
Sep 28 DE 1.4% 12.5%
Sep 28 ITW 2.4% 6.9%
Sep 28 FITB 5.4% 6.1%
Sep 28 SYK 1.1% 0.0%
Sep 28 USB 5.8% 0.0%