Enterprise Products Partners L.P.’s (EPD - Free Report) board of directors has announced an increase of 3.7% on an annual basis in its quarterly cash distribution.
A dividend of 425 cents per common unit or $1.70 per unit on an annualized basis will be paid to the limited partners in the fourth quarter. The dividend is up 0.6% from dividend of 425 cents paid in the preceding quarter.
The quarterly distribution will be paid on Feb 7, 2018, to unitholders of record as of the close of business on Jan 31, 2018. Since Enterprise’s initial public offering in 1998, this increase marks the 54th consecutive quarterly increase and the 63rd overall distribution increase.
The current dividend yield is 5.85%, lower than the industry’s yield of 6.20% but higher than the S&P 500 index’s 1.63%.
Enterprise has an extensive network of pipeline, spread over almost 50,000 miles. The pipelines carry natural gas, NGL, crude oil and refined products. Notably, the partnership’s midstream properties are linked to all prospective shale plays in the United States, rich in natural gas and oil. These extensive networks of natural gas pipelines provide stable fee-based revenues.
Recently, it was witnessed that an increase in oil exports from the United States into the Asian markets can put pressure on the world markets as the supplies from OPEC may eventually be replaced with that of the United States. These are expected to benefit pipeline companies like Enterprise as transportation activities increase.
Price Performance
Enterprise Products Partners’ shares have gained 1.7% against the industry’s decline of 4% in the last three months.
Zacks Rank & Key Picks
Enterprise carries a Zacks Rank #3 (Hold). A few better-ranked players in the energy sector include Statoil ASA , Pioneer Natural Resources Co. , and Denbury Resources Inc. . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Statoil, based in Norway, is a major international integrated oil and gas company. It saw an average negative earnings surprise of 8.44% in the last four quarters.
Headquartered in Irving, TX, Pioneer Natural Resources Company is an independent oil and gas exploration and production company. The company delivered an average positive earnings surprise of 67.62% in the last four quarters.
Headquartered in Plano, TX, Denbury Resources, is engaged in the exploration, production and development of natural gas properties. The company delivered an average positive earnings surprise of 125.00% in the last four quarters.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Enterprise Products Partners L.P.’s (EPD - Free Report) board of directors has announced an increase of 3.7% on an annual basis in its quarterly cash distribution.
A dividend of 425 cents per common unit or $1.70 per unit on an annualized basis will be paid to the limited partners in the fourth quarter. The dividend is up 0.6% from dividend of 425 cents paid in the preceding quarter.
The quarterly distribution will be paid on Feb 7, 2018, to unitholders of record as of the close of business on Jan 31, 2018. Since Enterprise’s initial public offering in 1998, this increase marks the 54th consecutive quarterly increase and the 63rd overall distribution increase.
The current dividend yield is 5.85%, lower than the industry’s yield of 6.20% but higher than the S&P 500 index’s 1.63%.
Enterprise has an extensive network of pipeline, spread over almost 50,000 miles. The pipelines carry natural gas, NGL, crude oil and refined products. Notably, the partnership’s midstream properties are linked to all prospective shale plays in the United States, rich in natural gas and oil. These extensive networks of natural gas pipelines provide stable fee-based revenues.
Recently, it was witnessed that an increase in oil exports from the United States into the Asian markets can put pressure on the world markets as the supplies from OPEC may eventually be replaced with that of the United States. These are expected to benefit pipeline companies like Enterprise as transportation activities increase.
Price Performance
Enterprise Products Partners’ shares have gained 1.7% against the industry’s decline of 4% in the last three months.
Zacks Rank & Key Picks
Enterprise carries a Zacks Rank #3 (Hold). A few better-ranked players in the energy sector include Statoil ASA , Pioneer Natural Resources Co. , and Denbury Resources Inc. . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Statoil, based in Norway, is a major international integrated oil and gas company. It saw an average negative earnings surprise of 8.44% in the last four quarters.
Headquartered in Irving, TX, Pioneer Natural Resources Company is an independent oil and gas exploration and production company. The company delivered an average positive earnings surprise of 67.62% in the last four quarters.
Headquartered in Plano, TX, Denbury Resources, is engaged in the exploration, production and development of natural gas properties. The company delivered an average positive earnings surprise of 125.00% in the last four quarters.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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