Enterprise Products Partners Raises Dividend for 36th Consecutive Quarter
Midstream energy specialist Enterprise Products Partners announced yesterday its second-quarter dividend of $0.68 per share, a 1.5% increase from the $0.67-per-share payout it made last quarter and 7% higher than in the second quarter of 2012.
The board of directors said the quarterly dividend is payable on Aug. 7 to the holders of record at the close of business on July 31.The payout marks the 45th distribution increase made since the midstream energy services provider went public in 1998 and is its 36th consecutive quarterly increase.
The regular dividend payment equates to a $2.72-per-share annual dividend, yielding 4.3% based on the closing price of Enterprise Products Partners' stock on July 10.
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