Enterprise (EPD) Rewards Investors With a Distribution Hike

Enterprise Product Partners L.P. (EPD) ), a major player in the energy industry, has announced a 1.9% increase in its quarterly cash distribution for the second quarter of 2024, raising the payment to 0.525perunitfromtheprevious0.525 per unit from the previous 0.515. The distribution of 0.525perunitequatesto0.525 per unit equates to 2.10 on an annualized basis.The distribution will be payable on Aug 14 to unitholders of record as of Jul 31, with an ex-dividend date of Jul 31.This latest distribution marks a 5.0% increase over the distribution declare ...