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Enterprise Products Partners LP Declares Quarterly Distribution
Enterprise Products Partners LP announced that the Board of Directors of its general partner declared an increase in the quarterly cash distribution rate paid to partners to $0.6275 per common unit, or $2.51 per unit on an annualized basis. The quarterly distribution will be paid on May 9, 2012, to unit holders of record as of close of business on April 30, 2012. This distribution rate, which represents a 5.0% increase over the $0.5975 per unit distribution rate declared with respect to the first quarter of 2011, is the 40th distribution increase since EPD’s initial public offering in 1998 and the 31st consecutive quarterly increase.
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