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Enterprise Products increases quarterly cash distribution to $0.445/unit from $0.4425/unit Press Release: Enterprise Declares Quarterly Distribution Increase 9:05 AM ET 1/13/20 | Dow Jones HOUSTON--(BUSINESS WIRE)--January 13, 2020-- Enterprise Products Partners L.P. (NYSE: EPD) ("Enterprise") announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution paid to limited partners with respect to the fourth quarter of 2019 to $0.445 per common unit, or $1.78 per unit on an annualized basis. The quarterly distribution will be paid Wednesday, February 12, 2020, to unitholders of record as of the close of business Friday, January 31, 2020. This distribution, which represents a 2.3 percent increase over the distribution declared with respect to the fourth quarter of 2018, is the partnership's 62(nd) consecutive quarterly distribution increase. Enterprise has increased its cash distribution rate for 21 consecutive years. Enterprise will announce its earnings for the fourth quarter of 2019 on Thursday, January 30, 2020, before the New York Stock Exchange opens for trading. The partnership will provide distribution guidance for 2020 at that time. Following the announcement, the partnership will host a conference call at 9 a.m. CT with analysts and investors to discuss earnings. The call will be webcast live on the Internet and may be accessed through the "Investors" section of the partnership's website at www.enterpriseproducts.com. To listen to the webcast, participants should access the partnership's website at least 15 minutes prior to the start of the conference call to download and install any necessary audio software. A replay of the webcast will be available for one week following the conference call and may be accessed one hour after completion of the call. |
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