Enterprise Products Partners (EPD) Raises Quarterly Dividend 1.3% to $0.40; 5.5% Yield

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Go back to Enterprise Products Partners (EPD) Raises Quarterly Dividend 1.3% to $0.40; 5.5% Yield

Enterprise Declares Quarterly Distribution Increase

July 7, 2016 9:27 AM EDT

HOUSTON--(BUSINESS WIRE)-- Enterprise Products Partners L.P. (NYSE: EPD) (Enterprise) announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution paid to partners to $0.40 per common unit, or $1.60 per unit on an annualized basis. This distribution rate with respect to the second quarter of 2016 is consistent with the distribution that Enterprises management planned to recommend to the board of Enterprises general partner as indicated in the press release dated January 4, 2016.

The quarterly distribution will be paid on Friday, August 5, 2016, to... More