Enterprise Declares Increase in Quarterly Cash Distribution
Enterprise Products Partners announced that the board of directors of its general partner declared an increase in its quarterly cash distribution rate to partners to $0.53 per common unit, or $2.12 per unit on an annualized basis.
The quarterly distribution will be paid on February 9, 2009, to unitholders of record at the close of business January 30, 2009.
This distribution represents a 6.0 percent increase compared to the $0.50 per unit quarterly distribution declared for the fourth quarter of 2007. Enterprise has now increased its cash distribution rate 18 consecutive quarters. This represents the 27th increase since its initial public offering in 1998.
- Enterprise to Ship More Permian Crude to Texas Gulf Coast (Dec 06)
- Colonial Partners With Enterprise For Fuel Exports From Beaumont Terminal (Oct 10)
- Pompano Gas Production Ramps Up Again (Jul 26)