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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: JimisJim who wrote (24155)	1/4/2016 11:10:30 AM
From: Ditchdigger	2 Recommendations Recommended By JimisJim Thehammer Read Replies (1) \| Respond to of 34328

ENTERPRISE DECLARES 46TH CONSECUTIVE QUARTERLY DISTRIBUTION INCREASE Enterprise Products Partners L.P. ( EPD) (“Enterprise”) announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution paid to partners to $0.39 per common unit, or $1.56 per unit on an annualized basis. The quarterly distribution will be paid on Friday, February 5, 2016, to unitholders of record as of the close of business on Friday, January 29, 2016. This distribution, which represents a 5.4 percent increase over the distribution declared with respect to the fourth quarter of 2014, is the 55th distribution increase since Enterprise’s initial public offering in 1998 and the 46th consecutive quarterly increase. (Looks like they are raising $200million through their drip ATM) Enterprise also announced that affiliates of Enterprise Products Company and its general partner (collectively, “EPCO”) have indicated their intention to purchase a total of $200 million of Enterprise common units during the first quarter of 2016 through the partnership’s distribution reinvestment plan and/or the partnership’s at-the-market (“ATM”) equity issuance program. Enterprise will use the proceeds from these purchases to fund a portion of its growth capital investments and for general company purposes. EPCO owns approximately 34 percent of Enterprise’s common units. finance.yahoo.com