You've only followed it for a month?... Owners of EPD stock have it not to trade, but as a long-term investment. The distributions continue to rise, the stock rises slow and steady. It's a keeper.
Instead of making silly posts, why not pay attention to how EPD trades? EPD, MMP and ETE have been setting new 52 week highs before the ex-dividend date, then lose several dollars after ex-dividend, then set a new 52 week high before the ex-dividend, then lose several dollars after ex-dividend. They have been perfect candidates for buying calls six to seven weeks after they go ex-dividend. I certainly noticed and bought calls for EPD and ETE, but MMP moved higher before I bought and is already setting new 52 week highs. While they may not set new 52 week highs every quarter, there is still money to be made if they move a few dollars higher. I guess the morale of the story is pay attention and make money instead of silly posts.
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 $0.69 per common unit, or $2.76 per unit on an annualized basis. The quarterly distribution will be paid on Thursday, November 7, 2013, to unitholders of record as of the close of business on Thursday, October 31, 2013. This distribution, which represents a 6.2 percent increase over the $0.65 per unit distribution declared with respect to the third quarter of 2012, is the 46th distribution increase since Enterprise's initial public offering in 1998 and the 37th consecutive quarterly increase.
Sentiment: Strong Buy
No, it is worth barely $70, price you'll be seeing this time next year.
You may short at will, in your overwhelming brilliance in discovering this fabulous opportunity.
My opinion, average cost $24.30.
I have no idea why anyone would be in EPD or in anyother MLP if they`re worried about TODAY, the day before or the week. It`s called investing not MAGIC.
Why? No reasons at all. Got to remember overall market down almost 10%. Looking at short term worthless. What will be interesting is if we get a special this quarter