EPD - What Is the Dividend Payout for Enterprise Products Partners?
2024-07-12 05:35:00 ET
Enterprise Products Partners (NYSE: EPD) is an income-producing machine. The master limited partnership (MLP) has a current yield above 7%, which is multiples higher than the S&P 500's dividend yield (around 1.3%).
Here's a closer look at the MLP's monster payout.
Enterprise Products Partners recently declared its latest distribution payment. The MLP set the quarterly level at $0.525 per unit, putting the annualized rate at $2.10 per unit. That level was 1.9% above what it paid investors last quarter and a 5% increase from the year-ago level. With its unit price recently trading around $29, the MLP's forward dividend yield is now up to 7.2%.
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What Is the Dividend Payout for Enterprise Products Partners?