Enbridge Energy Partners LP (EEP) Misses Q1 EPS by 7c; Declares $0.51375 Qtr. Distribution; Yields 6%

April 29, 2011 6:50 AM EDT
Enbridge Energy Partners LP (NYSE: EEP) reported Q1 adjusted EPS of $0.31, $0.07 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $2.29 billion versus the consensus estimate of $2.13 billion.

The partners have declared a cash distribution of $0.51375 per unit, $2.055 annualized.

The dividend is payable May 13, 2011 to unitholders of record on May 6, 2011, with an ex-distribution date of May 4, 2011.

Yield on the distribution is 6 percent.


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