Enterprise Products Partners L.P. (EPD)
(“Enterprise”) announced today that the board of directors of its
general partner declared an increase in the quarterly cash distribution
paid to partners to $0.42 per common unit, or $1.68 per unit on an
annualized basis.
The
quarterly distribution will be paid on Monday, August 7, 2017, to
unitholders of record as of the close of business on Monday, July 31,
2017. This distribution, which represents a 5.0 percent increase over
the distribution declared with respect to the second quarter of 2016, is
the 61st distribution increase since Enterprise’s initial public
offering in 1998 and the 52nd consecutive quarterly increase.
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