Enterprise Products Partners L.P. (EPD) To Go Ex-Dividend on October 30th

Enterprise Products Partners L.P. (NYSE:EPD) declared a quarterly dividend on Thursday, October 8th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.56 per share by the oil and gas producer on Friday, November 13th. This represents a $2.24 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Friday, October 30th.

Enterprise Products Partners has a payout ratio of 74.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Enterprise Products Partners to earn $3.22 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 69.6%.

Enterprise Products Partners Price Performance

NYSE:EPD opened at $36.10 on Friday. Enterprise Products Partners has a one year low of $30.01 and a one year high of $40.17. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.66 and a current ratio of 0.93. The stock has a 50 day moving average price of $38.06 and a 200 day moving average price of $37.92. The stock has a market cap of $77.95 billion, a PE ratio of 12.53, a P/E/G ratio of 1.35 and a beta of 0.50.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Wednesday, July 29th. The oil and gas producer reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Enterprise Products Partners had a net margin of 10.79% and a return on equity of 20.67%. The company had revenue of $18.27 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. Enterprise Products Partners’s quarterly revenue was up 60.8% compared to the same quarter last year. Equities research analysts expect that Enterprise Products Partners will post 3.02 EPS for the current fiscal year.

More Enterprise Products Partners News

Here are the key news stories impacting Enterprise Products Partners this week:

• Positive Sentiment: Enterprise Products Partners declared a quarterly distribution of $0.56 per unit, or $2.24 annualized, representing an approximately 6.1% yield. Unitholders of record October 30 will receive payment November 13. Enterprise Products Partners dividend announcement
• Positive Sentiment: The partnership provided a tranche update related to its previously announced equity buyback plan, signaling continued capital returns beyond the regular distribution. Enterprise Products Partners equity buyback update
• Positive Sentiment: Recent investor commentary highlights EPD as a potentially attractive income investment, citing dependable midstream cash flows and the sustainability of its dividend. Enterprise Products Partners dividend yield analysis
• Neutral Sentiment: Jim Cramer said he believes investors should own Enterprise Products Partners, but acknowledged that the units have lagged despite a low valuation and high yield. His comments provide support but are opinion-driven rather than a fundamental earnings catalyst. Jim Cramer on Enterprise Products Partners
• Negative Sentiment: Cramer attributed EPD’s weakness to the 30-year Treasury yield. Higher bond yields can pressure rate-sensitive, high-yield partnerships by increasing the relative appeal of fixed-income investments and raising financing costs. Enterprise Products Partners and the 30-year yield
• Negative Sentiment: JPMorgan lowered its price target from $43 to $42 and maintained a neutral rating. Although the revised target still implies upside, the cut limits near-term enthusiasm and reflects a more cautious view of valuation.

About Enterprise Products Partners

Enterprise Products Partners L.P. is a publicly traded master limited partnership that owns and operates midstream energy infrastructure in the United States. The company transports, stores, processes and exports oil, natural gas, natural gas liquids (NGLs), refined products and petrochemicals.

Its operations include pipelines, natural gas processing plants, NGL fractionation facilities, underground storage, marine terminals and export infrastructure. Enterprise serves producers, refiners, petrochemical manufacturers, utilities and other energy customers by connecting major producing regions with domestic and international markets.

Enterprise Products Partners was founded in 1968 and is headquartered in Houston, Texas.