Dividend Yield: 5.9%. Com Units/Enterprise Products Partners L.P. (NYSE:EPD) on 01/05/2023 declared a dividend of $ 0.4900 per share payable on February 14, 2023 to shareholders of record as of January 31, 2023. Dividend amount recorded is an increase of $ 0.015 from last dividend Paid. Enterprise Products Partners (NYSE:EPD) dividend yield is 7.4%. Market Cap: $42.1B. The current dividend yield for Enterprise Products Partners as of January 06, 2023 is 7.60%. contact@marketbeat.com P&G also plans to buy back $7 billion to $9 . These returns cover a period from January 1, 1988 through December 5, 2022. Dividend Yield (Fwd): 7.2%. Enterprise Products Partners (NYSE:EPD) is one of the largest pipelines in the US, with a more than 50,000-mile footprint covering the United States from Wyoming to New York. For example, the U.S. Geological Survey just announced the discovery of the single largest oil field in US history, in Texas Wolfcamp shale formation. Dividend Safety Scores range from 0 to 100, and conservative dividend investors should stick with firms that score at least 60. Returns Potential A 24% price target upside from sell-side analysts. Get the best dividend capture stocks for January. Warning Sign: If a company's dividend payout ratio is too high, its dividend may not be sustainable. Our mission is to be the First In Dividend Data Worldwide by designing and developing essential tools and systems for the investment community with the highest level of accuracy and integrity. When was Enterprise Products Partners's most recent ex-dividend date? All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. Brokers and nominees should treat one hundred percent (100.0 percent) of Enterprises distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. The dividend distribution stands at $1.88 per share annually, which comes to a dividend yield of 7.3%. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. Interesting. A cash dividend payment of $0.45 per share is scheduled to be paid on February . General Electric: Another Dividend Cut Expected in 12 to 18 Months simplysafedividends.com/general-electr #dividend, Roper Technologies (ROP) simplysafedividends.com/roper-technolo #dividend. Touch device users, explore by touch or with swipe gestures. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition, and other risk factors included in Enterprises reports filed with the Securities and Exchange Commission. While Enterprise Products Partners may represent one of the seemingly lower risk midstream MLPs, there are still two main risks that investors need to be aware of. EPD | Complete Enterprise Products Partners L.P. stock news by MarketWatch. Enterprise Products Partners has increased its dividend for the past 26 consecutive years. Fwd Payout Ratio is used to examine if a companys earnings can support the current dividend payment amount. Comparing EPD to its pipeline competitors shows EPD behind only Energy Transfer (ET), but with their huge cash flow and management commitment to increasing distributions and buying back shares, it should be considered top tier for this group. Enterprise Products Partners is North Americas third largest midstream operator, with nearly 50,000 miles of natural gas, oil, natural gas liquid (NGL), and refined product pipelines. 83.39% based on cash flow. Quant Recommendation - EPD Maximize Income Goal EPD Target Yields of 7-9% In the press release announcing the dividend suspension, the company said that aviation fuel sales fell 80% by the end of March, while the . Rocha was in turn suspended from his post for 90 days by Supreme Court Justice Alexandre de Moraes. EPD. 23% price target upside from sell-side analysts. Learn more on EPD's annual dividend history. } Its current dividend is a substantial 7.9%. Co.'s midstream energy operations include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and marine terminals; crude oil gathering, transportation, storage, and marine terminals; petrochemical and refined products transportation, storage, and marine terminals ; and a marine transportation business that operates on the United States inland and Intracoastal Waterway systems. Or to put it another way, if you are only looking at GAAP EPS or FCF/share, then the payout for almost all MLPs, including best in class names such as Enterprise Products Partners, will appear alarmingly high. Historical Dividend Data powered by DividendInvestor.com. However, you need to remember that the midstream MLP industry is incredibly capital intensive, which means that high absolute debt loads are to be expected. And even with the increased distribution and share buybacks, the percent of cash flow spent on those two items was only 56% of distributable cash flow. What is Enterprise Products Partners's dividend payout ratio? However on a Total Return basis, including distributions, EPD is up over 24% a rather modest return for eight years. Find the latest Financials data for Enterprise Products Partners L.P. Common Stock (EPD) at Nasdaq.com. If energy production were to fall, the need for pipelines could theoretically decline and E&P customers might not be able to pay the fees outlined in their contracts with Enterprise Products Partners and other midstream MLPs. At the end of the day, even conservative midstream MLPs such as Enterprise Products Partners are at the mercy of capital markets and commodity prices, if for no other reason that demand for their growth projects require higher oil & gas prices. 26 years of consecutive dividend increase. Energy stocks have a spotty dividend track record because of the sector's volatility. Enterprise Products Partners (EPD) Quote Overview, Enterprise Products Partners (EPD) Dividend History. For example, Enterprise Products is on the forefront of many of the greatest growth opportunities in the oil & gas industry, including exports of US crude oil, refined NGL products and liquefied natural gas, or LNG. DividendInvestor.com features a variety of tools, articles, and resources designed to help investors interested in dividend stocks find the best dividend stocks to buy. For 1000$ you would have purchased 43 number of shares. Part of the reason for this is also managements extremely unit holder friendly, long-term focus. Fortunately Enterprises massive scale and best-in-the-industry BBB+ credit rating means that it isnt likely to be priced out of the debt markets in the coming years. Dividend articles featuring Enterprise Products (EPD): 2022-04-07 Enterprise Declares Quarterly Distribution. You must be a shareholder on or before the next ex-dividend date to receive the upcoming dividend. The monthly returns are then compounded to arrive at the annual return. Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. EPD has a forward dividend yield of 7.61%. Please note that the dividend history might include thecompanys preferred securities as well. E nterprise Products Partners L.P. (EPD) will begin trading ex-dividend on October 29, 2020. Scores of 50 are average, 75 or higher is very good, and 25 or lower is considered weak. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. After all, the MLP has been steadily growing since 2004 and management has successfully navigated interest rates as high as 6.25%. If you have an ad-blocker enabled you may be blocked from proceeding. Oil has been at this level or lower before 2004-5 and except for the early 1980s. Im always fascinated by long-term historical charts, and oil is no exception. This 20 billion barrel oil field, which also holds an estimated 16 trillion cubic feet of natural gas, is part of the larger Permian Basin, which is estimated to hold 75 billion barrels of recoverable oil. However, after Brians very thorough article on EPD, I determined that I will add it to my portfolio instead. 07, 2022 DIVIDEND ANNOUNCEMENT: Com Units/Enterprise Products Partners L.P. (NYSE: EPD) on 07-07-2022 declared a dividend of $0.4750 per share Read more. Year-to-date, U.S. natural gas production is down about 1%, including 2-3% year-over-year declines in June, July, and August. Dividend history information is presently unavailable for this company. The "NEW" Oil and Gas Crisis: Lack Of Lithium, Biden just signed death warrant on your freedom. Jan. 07, 2022 DIVIDEND RATE INCREASE: Com Units/Enterprise Products Partners L.P. (NYSE: EPD) on 01-07-2022 increased dividend rate > 3% from $1.80 to $1.86. Enterprise primarily makes most of its money from fees it charges E&P customers for its services. Dividend payments have increased over the last 10 years and are covered by earnings with a payout ratio of 81.1%. So dividend/distribution growth and share buybacks are both priorities of management, a good sign if you are looking for increased dividend payout going forward. All in all, EPD is a Buy for long-term dividend-seeking investors. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Assuming annual dividend growth rate of 2.52%, dividends double every . I just try to stay out of the way! Enterprise also owns a number of storage facilities, processing assets, and terminals. Each of the EPD dividend growth tables by year are listed below, and overall, the 1999 to 2021 simple average EPD dividend growth rate = 6.27%, with the worst EPD dividend growth rate over that time being 1.12% and the best EPD dividend growth rate being 13.79%, as detailed below. During the past 3 years, the average Dividends Per Share Growth Rate was 1.60% per year. How good is it? This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Accordingly, Enterprises distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate. Our daily ratings and market update email newsletter. One minor note: on the basis of Net debt/EBITDA and EBITDA/interest expense (interest coverage), MMP currently looks safer than EPD. Model portfolio targeting 7-9% dividend yield. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. MLPs have been tracking much more closely with the price of oil since the crash happened. If you found this article to be of value, please scroll up and click the "Follow" button next to my name. Year-To-Date, U.S. natural gas production is down about 1 %, dividends double.. The way | Complete Enterprise Products Partners L.P. ( EPD ) Quote,! The upcoming dividend EBITDA/interest expense ( interest coverage ), MMP currently looks safer than EPD that!: on the basis of Net debt/EBITDA and EBITDA/interest expense ( interest coverage ) MMP. Rate was 1.60 % per year historical charts, and terminals when Enterprise... Products ( EPD ) dividend history information is provided 'as-is ' and solely for informational purposes, for... Yield ( Fwd ): 2022-04-07 Enterprise Declares Quarterly distribution used to if. 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