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Enterprise Products Partners (EPD): Declares $0.635/share quarterly dividend, 1.2% increase from...

Enterprise Products Partners (EPD): Declares $0.635/share quarterly dividend, 1.2% increase from prior dividend of $0.6275. Dividend yield 4.9%. For shareholders of record July 31; payable Aug 08; ex-div date July 27. (PR)
Comments (6)
  • juano
    , contributor
    Comments (187) | Send Message
     
    I am a long time holder of EPD and feel compelled to say that this wasn't the increase I had expected. The average annual increase over the last 10 years has been almost 8%. Gonna have to read management report to see if there is trouble.
    11 Jul 2012, 08:18 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2724) | Send Message
     
    Its a 5% increase year over year, the 1.2% number is quarter over quarter.
    11 Jul 2012, 11:33 PM Reply Like
  • beachie
    , contributor
    Comments (33) | Send Message
     
    was buyer until reading juano post...has a point
    11 Jul 2012, 09:32 PM Reply Like
  • juano
    , contributor
    Comments (187) | Send Message
     
    Thanks Mike. Was reading at bedtime. The "lights" must have been off allready! :)
    12 Jul 2012, 09:31 AM Reply Like
  • juano
    , contributor
    Comments (187) | Send Message
     
    Mike, Because my divs are always reinvested I have not kept track of when the increases occur. Looking at div history EPD typically increases the div $.01 per share inthe first, second and fourth quarters. Steady Freddy, but as time goes by the rate of div growth falls steadily. My basis is so low that that I couldnt replace it on a yield on cost basis. But for others, slowing div growth rate might deter them from making the initial investment. Thanks for waking me up, it helped to look at this position again
    12 Jul 2012, 09:48 AM Reply Like
  • Mike Maher
    , contributor
    Comments (2724) | Send Message
     
    I'm the same way, my average price is about halve of where the units trade for now, so its hard for me to recommend ppl buy. But for what its worth, I'm continuing to reinvest, and dont plan on getting out.
    12 Jul 2012, 11:34 AM Reply Like
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