HOUSTON--(BUSINESS WIRE)-- Enterprise Products Partners L.P. (NYSE: EPD) announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution paid to partners to $0.72 per common unit, or $2.88 per unit on an annualized basis. The quarterly distribution will be paid on Thursday, August 7, 2014, to unitholders of record as of the close of business on Thursday, July 31, 2014. This distribution, which represents a 5.9 percent increase over the $0.68 per unit distribution declared with respect to the second quarter of 2013, is the 49th distribution increase since Enterprise’s initial public offering in 1998 and the 40th consecutive quarterly increase
Sentiment: Strong Buy
Actually, I find his 'Bovine Excrement' to be more interesting than Fiction - just can't make this stuff up!!!
Steve, as an impartial bystander who loves dividends, your credibility is LESS THAN ZERO!!!
Obviously your scenario holds true only if you owed since "inception"... which isn't even a relevant metric to someone considering it today.... that's why they say past performance does not indicate future performance....
My comment that you replied to was fact... MLPL has underperformed AMLP by a 3:1 ratio the last 2 days...
Please explain as it is supposed to mirror at a 2:1 rate... Oh yeah that's what USB failed to clearly disclose..... when it underperforms it can underperform by as much #$%$1... sounds like the perfect vehicle for "retirees"
Get a week of those returns if the index is off by 5+%... and your principal is hammered while you wait for the divi cut.... most "investors" do give a damn if their principal is hammered... I know you say you don't care but that's the biggest crock you have spewed
you failed to comment on the safety of the divi... since inception the divi has declined about 20%
of the time... EPDs Distribution has never declined
Retirees would be far better off with KMPs 7% tax differed distribution than MLPLs 8.6% taxable distribution... and I could play the empty speculation game too and talk about yesterdays metrics... you could have bought NS in the last year for $36 and tax differed 11% yield (I think arbtrdr did)... gained 60% to its current $64 unit price... but makes the current distribution 7.5%... can anybody guarantee NS's performance going forward...no... but that's the point jerkwad.... EPD... KMP... NS can and will all come off these prices.... which guarantees MLPL goes down by a % multiple greater than 2Xs
Another quick fact... while I detest the term "troll"... it is you who fits the definition by pumping MLPL here
I think you r brain is 3 to 1 gone. Your just a troll on a board without a clue saying #$%$ that makes no sense.
MLPL has gained 29.50 % year over year since it's inception sounds like a great buy and hold ETN to me
not to mention if you bought at that time your dividend yield today on that BUY AND HOLD ETN investment would be paying over 22%. Gee moron I guess that's a lousy buy and hold strategy enough said your just and ignorant troll on a board without a clue.
Could you imagine the losses if MLPs actually took a hit... like they will when the fed hikes rates
and BTW.... your divi is nowhere near guaranteed as it will shrink like a cotton tee shirt in hot water when it corrects.... But a distribution like EPDs.... that's money in the bank
and remember.... this rhetoric is in line with the opinion that leveraged ETNs are not buy and hold instruments suitable for retirees income...
They are an instrument that must be monitored on a constant basis
Hey whats with all your whining on the MLPL board about spreads and big down days.... didn't you know that the primary mkt maker in MLPL is UBS itself?
Also, do you Arbtrdr, Mktply, or Jpmjr think it's even remotely possible to get 9% yield by daytrading MLPL?
It seems to good to be for real; but so did the CANROYS - and they paid twice that.
Arbtrdr, the info makes sense in a scary way. An addittional tax-form and possible headaches from the IRS long AFTER the fact even with a LLC. Until I learn more about balance-sheet ratios and liabilities for the MLP, I'm sticking with dividends and get double taxed with ZERO liabilities.
mrtply - You and I often disagree but with Steve it is time for ignore. Saying MLPL is right for retirees is crazy as most retirees use not only their income from investments but the principal over time. One of the reasons I hang out mostly at the IV board.
Your another moron on this board what time frame you idiot I can pick a time frame and prove just the opposite I addressed your stupid statement about asset decay, I mentioned there are no stocks in MLPL as it's an exchange traded note and it is leveraged 2 to 1 to the Alerian Infrastructure Index. MLPL opened in JULY 2010 it opened at 25.08 it is now at 70.80 NOT COUNTING THE DIVIDENDS IT HAS PAID that is a 29.50% gain per year since it s 4 year inception date. If you used the dividends to buy more shares it would obviously be a lot greater than that..
Are you people brain dead or you just can't reason or read English, arbtrdr your statement is bizarre
no #$%$ MLPL started in July 2010, did I say more than 4 YEARS NO I did not moron read again I said the last 4 years what does 2008 or 2009 have to do with it. Did I say the last 6 years ??????? You brain dead moron. In 2008 and 2009 NONE OF THE MLP"S in the index of MLPL lowered thier distributions in fact some of them raised thier distributions.
OK. I agree. Now the reality instead of just hype. Giving EPD a couple of special distribution increases as indicated as possible you mave YE distribution run rates of about $3 fior 2014, $3.16 for 2015, $3.36 for 2016. I note this is higher than most every brokerage estimate by a bit. Given the interest rates rising a bit we should be somewhere in the 4.5% area by the end of 2016 for a yield giving a unit price in the $75 to $89 area. We do get to $100 but only after a few years. The recent run up is typical for EPD. Runup followed by a year or slow of flat unit prices. Could EPD slow priojects and thus choose to distribute more $$? Absolutely. If they increased at 8% CAGR from today they would go to $3.60 in Q1 of 2017 and that "might" get them to $100 if interest rates do not move too much.
Hard for a $90B company to move the needle very fast. I'm personally happy for distributions going up in the 6.5% area a year and unit prices moving about the same. 13% a year is more than most companies.
Bob - hope their information makes sense. MLPs are a bet on the USA needing additional energy infrastucture. They pay out free cash flow. Since they oswn things like pipelines they have lots of non cash accounting items like depreciation, but since a pipeline can last 100 years if maintained and there is a barrier to entry their assets actually appreicate.
OK jpm, THX.
National Association of Publically Traded Partnerships and read thier primer called MLPs 101.
You can't comprehend shitfromshinola..... anything that "has no stocks in it" is composed of other assets.... AKA a "floating" basket of options...... that have to constantly be rolled and rebalanced.... to mirror the "DAILY" performance by a leveraged factor
Want to tell the flock that options do not have asset decay....
and BTW.... I just did a 1 yr comparison of EPD to MLPL and EPD has outperformed MLPL over that time frame.... and that chart indicates that in Dec when EPD was -2% off the start date.... MLPL was off about 12.5% at that time (a factor of 5Xs).... that is a perfect example of MLPLs risk and I guarantee you that MLPL would be off 30-40% if EPD were to slide 10-15%
Steve - Got a messaghe about your post. Would like to know how MLPL maintained its distribution in 2008/09 when it was only started in July of 2010?
Bob you obviously have no idea about MLPs. Go to the National Association of Publically Traded Partnerships and read thier primer called MLPs 101.
As to Steve. EPD and most of the others did not cut their disctributions. Did not say that - but you are obviously not able to read. MLPL went down in price even more than if you owned the actual MLPs. MLPL is fine as long as you need income and do not EVER need to sell any of the shares. And if the underlying bank stays in business since its guarantee is all you actually own. Most retirees at some point use their principal as well. MLPL goes up and down more than MLPs - that is its design. Can you agree about anything on MLPL? Probably not. Bye!
Does anyone have a "Made Simple for Dummies" rule of thumb for Dividends vs Distributions? In particular, if a distribution is more than earnings, is that BAD? The stuff I've read contains a heap of bunch of 'DoubleTaxDoubleTalk'.
Are you brain dead or just that stupid ? MLPL produces income in a down or up market numb nuts in 2008 and 2009 MLP's did not lower thier distributions especially the infrastructure MLP's which is exactly what this index is made of including EPD as it's largest holding. Why would you sell if the price goes way down I would buy more and dollar cost average in at a lower price and when it goes back up I would make a killing. Like I said before I need income from dividends and I want capital appreciation. I REPEAT I DON'T NEED THE CAPITAL FOR ANY FUTURE NEEDS!!! So I have no risk