Recent sale : Enterprise Products Partners L.P.

Sold my position in Enterprise Products Partners L.P (NYSE:EPD) at $24.75 per share. This sale was due to U.S. Legislation change for Limited Partnerships. 

New US legislation regarding Publicly Traded Partnerships.

New legislation regarding Publicly Traded Partnership stocks is coming in 1.1.2023. It makes owning these kind of stocks more complicated for non-US residents and due to that Finnish banks etc. will stop selling these stocks. This will affect my portfolio as I own few of these 

• Alliance Resource Partners LP (ARLP)
• Crestwood Equity Partners (CEQP)
• Enterprise Products Partners LP (EPD)
• Lazard Ltd. (LAZ)

I need to sell my position in these stocks by 31.12.2022. Well, time to look into some replacement investments.

Dividend increase #31 of 2022 : Enterprise Products Partners

Enterprise Products Partners L.P. (NYSE: EPD) ("Enterprise") announced today that the board of directors of its general partner declared the quarterly cash distribution paid to limited partners holding Enterprise common units with respect to the second quarter of 2022 of $0.475 per unit, or $1.90 per unit on an annualized basis.

The quarterly distribution will be paid Friday, August 12, 2022, to common unitholders of record as of the close of business Friday, July 29, 2022. This distribution represents a 5.6 percent increase over the distribution declared with regard to the second quarter of 2021.

This distribution increase is the partnership’s 74^th distribution increase since its initial public offering in 1998. This year will be the 24^th consecutive year of distribution growth. 

 

Dividend increase #1 of 2022 : Enterprise Products Partners

Enterprise Products Partners (NYSE: EPD) declares $0.465/share quarterly dividend, 3.3% increase from prior dividend of $0.450. Forward yield 7.99%. Payable Feb. 11; for shareholders of record Jan. 31; ex-div Jan. 28. 

Additionally, during the fourth quarter of 2021, Enterprise purchased $125 million of its common units in the open market, bringing the total amount of common unit buybacks during 2021 to $200 million

 Since I own 58 shares of EPD, this change will increase my 12 month forward dividends by $3.48

 

 

Dividend increase #1 of 2021 : Enterprise Products Partners

Enterprise Products Partners announced today that the board of directors of its general partner declared the quarterly cash distribution to the fourth quarter of 2020 of $0.45 per share. This is a 1.1% increase over the distribution of the previous quarter. EPD has increased distribution rate for 22 consecutive years.

Enterprise Products Partners increases dividend

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

Enterprise Products Partners increases dividend

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 limited partners with respect to the third quarter of 2019 to $0.4425 per common unit, or $1.77 per unit on an annualized basis.

The quarterly distribution will be paid Tuesday, November 12, 2019, to unitholders of record as of the close of business Thursday, October 31, 2019. This distribution, which represents a 2.3 percent increase over the distribution declared with respect to the third quarter of 2018, is the partnership’s 61^st consecutive quarterly distribution increase.

Enterprise Products Partners increases dividend

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 limited partners with respect to the second quarter of 2019 to $0.44 per common unit, or $1.76 per unit on an annualized basis.

The quarterly distribution will be paid Tuesday, August 13, 2019, to unitholders of record as of the close of business Wednesday, July 31, 2019. This distribution, which represents a 2.3 percent increase over the distribution declared with respect to the second quarter of 2018, is the partnership’s 60^th consecutive quarterly distribution increase.

Enterprise Products Partners dividend increase

Enterprise Products Partners (EPD) declares$0.4375/share quarterly dividend, 0.6% increase from prior dividend of $0.435. Forward yield 5.93% Payable May 13; for shareholders of record April 30; ex-div April 29.

Enterprise Products Partners increases dividend

Enterprise Products Partners (EPD) declares $0.435/share quarterly dividend, 0.6% increase from prior dividend of $0.4325. Forward yield 6.35% Payable Feb. 8; for shareholders of record Jan. 31; ex-div Jan. 30.

Enterprise Products Partners dividend increase

Enterprise Products Partners (EPD) 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 third quarter of 2018 to $0.4325 per common unit.

Enterprise Products Partners increases dividend

Enterprise Products Partners (EPD) declares $0.43/share quarterly dividend, 0.6% increase from prior dividend of $0.4275. Forward yield 6.14% Payable Aug. 8; for shareholders of record July 31; ex-div July 30.

Enterprise Products Partners dividend increase

Enterprise Products Partners (EPD) declares $0.4275/share quarterly dividend, 0.6% increase from prior dividend of $0.425. Forward yield 6.79% Payable May 8; for shareholders of record April 30; ex-div April 27.

Enterprise Partners dividend increase

Enterprise Products Partners (EPD) declares $0.4250/share quarterly dividend, 0.6% increase from prior dividend of $0.4225. Forward yield 5.94% Payable Feb. 7; for shareholders of record Jan. 31; ex-div Jan. 30.

Enterprise Products Partners increases dividend

Enterprise Products Partners (NYSE:EPD) increases dividend to $0.4225 per share. Previous dividend was $0.42 per share. Small increase is alway better than no increase.

Since I own 58 shares of EPD, this change will increase my 12 month forward dividends by $0.58

Enterprise Products Partners dividend increased

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.

New purchase : Enterprise Products Partners LP

Started new position in portfolio : Enterprise Products Partners LP (NYSE:EPD).

Enterprise Products Partners L.P. (Enterprise), incorporated on April 9, 1998, is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company's segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The Company owns and operates certain NGLs related businesses of Enterprise Products Company (EPCO). The Company's midstream energy operations include natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and import and export terminals, including liquefied petroleum gas (LPG); crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage, export and import terminals, and related services, and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems.

EPD pays dividend with 2-5-8-11 schedule and my starting yield is at 5.73%