Enterprise Products Partners Raises Dividend for 36th Consecutive Quarter

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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.


EPD Dividend Chart

EPD Dividend data by YCharts.

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The article Enterprise Products Partners Raises Dividend for 36th Consecutive Quarter originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Enterprise Products Partners L.P.. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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