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To clarify, the 5.4% increase is a YoY number. The distribution from Oct 2009 was $0.5525 and that gives the 5.4% jump.From last Q however, the increase is just $0.0075...from July's $0.575 distribution to this Q's announced $0.5825...or an increase QoQ of about 1.25%.
Enterprise, as you know, has steadily increased .0075 per quarter for a while now. They also announced this increase and next quarter increase last September when the merger was announced. Actually old news.
In Sept.they said that they would recommend an increase to the Board.Now epd announced that the board of directors of its general partner declared an increase in the quarterly cash distribution rate ...It's not official until it's declared by the Board.