Enterprise Products Partners L.P. (NYSE:EPD) Declares $0.55 Quarterly Dividend

Key Points

• Enterprise Products Partners L.P. declared a quarterly dividend of $0.55, scheduled for payment on November 14th to investors of record on October 31st, representing a 6.9% annual yield.
• The company reported earnings per share of $0.66 for the last quarter, falling short of estimates, and its revenue decreased by 15.7% compared to the previous year.
• Enterprise Products Partners' current stock price is $31.72, reflecting a 0.7% increase in trading, with a market capitalization of approximately $68.69 billion.

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) announced a quarterly dividend on Tuesday, October 7th, RTT News reports. Investors of record on Friday, October 31st will be paid a dividend of 0.545 per share by the oil and gas producer on Friday, November 14th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

Enterprise Products Partners has a dividend payout ratio of 71.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Enterprise Products Partners to earn $3.05 per share next year, which means the company should continue to be able to cover its $2.14 annual dividend with an expected future payout ratio of 70.2%.

Enterprise Products Partners Stock Up 0.7%

EPD stock traded up $0.22 during mid-day trading on Tuesday, hitting $31.72. 2,531,542 shares of the company were exchanged, compared to its average volume of 4,561,861. The firm has a market cap of $68.69 billion, a P/E ratio of 11.79, a P/E/G ratio of 2.25 and a beta of 0.64. Enterprise Products Partners has a 1-year low of $27.77 and a 1-year high of $34.63. The firm's 50 day simple moving average is $31.57 and its 200 day simple moving average is $31.43. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.69 and a current ratio of 0.96.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The oil and gas producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $15.24 billion. Enterprise Products Partners had a return on equity of 19.81% and a net margin of 10.71%.The company's revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 EPS. On average, sell-side analysts predict that Enterprise Products Partners will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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