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 62nd consecutive quarterly distribution increase. Enterprise has increased its cash distribution rate for 21 consecutive years.
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