Enterprise Products Partners L.P. (EPD) To Go Ex-Dividend on July 31st

Enterprise Products Partners L.P. (NYSE:EPD) declared a quarterly dividend on Tuesday, July 7th. Investors of record on Friday, July 31st will be given a dividend of 0.56 per share by the oil and gas producer on Friday, August 14th. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Friday, July 31st. This is a 1.8% increase from Enterprise Products Partners’s previous quarterly dividend of $0.55.

Enterprise Products Partners has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 28 consecutive years. Enterprise Products Partners has a dividend payout ratio of 73.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Enterprise Products Partners to earn $3.29 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 66.9%.

Enterprise Products Partners Stock Up 0.4%

Shares of NYSE:EPD opened at $37.79 on Thursday. Enterprise Products Partners has a 52-week low of $30.01 and a 52-week high of $40.17. The stock has a market cap of $81.69 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 1.33 and a beta of 0.49. The business’s 50 day moving average is $37.71 and its 200 day moving average is $36.25. The company has a quick ratio of 0.61, a current ratio of 0.91 and a debt-to-equity ratio of 1.03.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.03). Enterprise Products Partners had a net margin of 11.45% and a return on equity of 19.53%. The firm had revenue of $14.39 billion for the quarter, compared to the consensus estimate of $13.62 billion. During the same period last year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. Sell-side analysts predict that Enterprise Products Partners will post 3.01 EPS for the current year.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.