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Enterprise Products raises distribution by 5.5%

  • Enterprise Products Partners (NYSE:EPD +4.1%) pops higher after declaring an increase in the quarterly cash distribution to $0.385/unit, or $1.54/unit on an annualized basis, and reporting that affiliates of of the company plan to purchase $50M of its common stock.
  • EPD says the distribution represents a 5.5% increase over the distribution in the year-ago quarter and is its 45th consecutive quarterly increase.

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Enterprise Products Partners L.P. Common Units