Enterprise Products increases quarterly dividend to 66c per share

theflyonthewall.com

Enterprise Products Partners announced that the board of directors of its general partner declared an increase in the quarterly cash distribution rate paid to partners to 66c per common unit, or $2.64 per unit on an annualized basis. The quarterly distribution will be paid on Thursday, February 7 to unitholders of record as of the close of business on Thursday, January 31. This distribution rate, which represents a 6.5% increase over the 62c per unit distribution rate declared with respect to the fourth quarter of 2011, is the 43rd distribution rate increase since Enterprise’s initial public offering in 1998 and the 34th consecutive quarterly increase.

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