Enterprise Products Partners (EPD) Declares $0.445 Quarterly Dividend, 14.5% Yield; Reviewing Capital Expenditure Program

Enterprise Products Partners (NYSE: EPD) declared a quarterly dividend of $0.445 per share, or $1.78 annualized.

The dividend will be payable on May 17, 2020, to stockholders of record on April 30, 2020, with an ex-dividend date of April 29, 2020.

The annual yield on the dividend is 14.5 percent.

“Enterprise is currently reviewing its capital expenditure program due to the potential impacts of lower commodity prices and demand on our customers, said A.J. “Jim” Teague, co-chief executive officer of Enterprise’s general partner. While substantially all of our major growth capital projects are supported by long-term bi-lateral agreements, we are in discussions with our customers and evaluating opportunities to reduce or defer capital expenditures, as well as continuing to explore joint venture opportunities with strategic partners. We will provide an update to our 2020 capital expenditure guidance in our first quarter 2020 earnings announcement,” concluded Teague.

For a dividend history and other dividend-related data on Enterprise Products Partners (EPD) click here.

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