Enterprise Products Partners L.P. (EPD) to Distribute Quarterly Dividend of $0.56 on November 13th

Enterprise Products Partners L.P. (NYSE:EPD – Get Free Report) announced a quarterly dividend on Thursday, October 8th. Investors of record on Friday, October 30th will be given a dividend of $0.56 per share by the oil and gas producer on Friday, November 13th. This represents a $2.24 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Friday, October 30th.

Enterprise Products Partners has a payout ratio of 74.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Enterprise Products Partners to earn $3.35 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 66.9%.

Enterprise Products Partners Stock Performance

Shares of EPD opened at $37.15 on Wednesday. Enterprise Products Partners has a twelve month low of $30.02 and a twelve month high of $40.17. The firm’s 50-day moving average is $37.67 and its two-hundred day moving average is $37.16.

Enterprise Products Partners (NYSE:EPD – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The oil and gas producer reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. The firm had revenue of $18.27 billion during the quarter, compared to analyst estimates of $13.69 billion. The business’s revenue was up 60.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. On average, sell-side analysts predict that Enterprise Products Partners will post 3.10 earnings per share for the current year.

Enterprise Products Partners Company Profile

(Get Free Report)

Enterprise Products Partners L.P. (NYSE: EPD) is a North American midstream energy partnership headquartered in Houston, Texas. The company provides infrastructure and services for the transportation, storage, processing and export of energy products, connecting producers with domestic and international markets.

Its operations include pipelines, storage facilities, natural gas processing plants, natural gas liquids (NGL) fractionation facilities, and marine terminals. Enterprise handles NGLs such as ethane, propane, butanes and natural gasoline, as well as crude oil, refined products, petrochemicals and natural gas.

Further Reading

Dividend History for Enterprise Products Partners (NYSE:EPD)

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