Enterprise Declares 19th Consecutive Quarterly Cash Distribution Increase
Enterprise Products Partners L.P. announced that the board of directors of its general partner declared an increase in the quarterly cash distribution rate paid to partners to $0.5375 per common unit, or $2.15 per unit on an annualized basis. The quarterly distribution will be paid on Friday, May 8, 2009, to unitholders of record at the close of business on Thursday, April 30, 2009. This distribution represents a 5.9 percent increase compared to the $0.5075 per unit quarterly distribution declared with respect to the first quarter of 2008.
This represents the 28th distribution increase since Enterprise’s initial public offering in 1998 and its 19th consecutive quarterly increase.
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