Enterprise Declares Second Quarter 2012 Distribution
Enterprise Products Partners L.P. (NYSE: EPD) announced Wednesday that the board of directors of its general partner declared an increase in the quarterly cash distribution rate paid to partners to $0.6350 per common unit, or $2.54 per unit on an annualized basis. The quarterly distribution will be paid on Wednesday, August 8, 2012, to unitholders of record as of close of business on Tuesday, July 31, 2012. This distribution rate, which represents a 5 percent increase over the $0.6050 per unit distribution rate declared with respect to the second quarter of 2011, is the 41st distribution increase since Enterprise's initial public offering in 1998 and the 32nd consecutive quarterly increase.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.