The companys top 200 customers accounted for 95.7% of Enterprises 2015 revenue and 75.3% of these customers maintain an investment grade credit rating. 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. Enterprise Products Partners L.P. ( EPD) will begin trading ex-dividend on July 29, 2021. Looking at revenue we see a steep drop from 2018 through 2020 then a quick rise for the last two years. However, when we look at the distribution coverage ratio, or DCR (distribution/DCF), the picture looks very different. This could imply that EPD is currently underpriced. It is also buying back shares, which further supports the dividend because the same dollar amount of distribution will be spread over fewer shares. Dividend tools used by the pros, now at your fingertips, Find the secrets to discovering the best dividend-paying stocks by taking a short video tour of our site, FREE REPORT: My "Challenge" to the World's Richest Man: Elon Musk Is this happening to you frequently? EPD EPD DIVIDEND HISTORY EPD Dividend History EX-DIVIDEND DATE 10/28/2022 DIVIDEND YIELD 7.65% ANNUAL DIVIDEND $1.90 P/E RATIO 10.71 Back to EPD Overview The Dividend History. Copyright 2023 DividendInvestor.com. Upgrade to Premium to access your Watchlist and more. Retirement news, reports, video and more. event : event, Type a symbol or company name. In other words, Enterprise Products Partners is effectively the dividend aristocrat of the MLP industry. Thus I really appreciate Brians thorough analyses that give me that data, specifically related to dividends. window.mc4wp.listeners.push({ 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 Read more. Vale S.A. has a dividend yield of 7.68% and paid 7.29131 BRL or $1.38 USD per share in the past year. Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. It was founded in 1968 by Dan Duncan and two partners as a wholesaler of natural gas liquids. By 1972 it had completed the construction of its first pipelines, and by 1973 it was starting to make acquisitions. United Airlines Soars Ahead of EarningsTime to Deplane? Keep These 3 Dividend Contenders on the 2023 Watch List, 3 Health Care Stocks Paying Reliable Dividends, 3 High-Yield Dividend Stocks to Hold for the Long Haul. This means that there is a risk that when oil prices rise above $50 well see U.S. production actually start rising again which could cap the ultimate long-term price of oil, hurting the financial health of this debt-laden industry and limiting Enterprises ultimate growth potential. Enterprise Products Partners shareholders who own EPD stock before this date will receive Enterprise Products Partners's next dividend payment of $0.4900 per share on 2023-02-14. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Putin's invasion of Ukraine has revealed the West's dependence on Russia for their energy needs. This brilliant move meant that rather than send 50% of marginal DCF to its management team (which would raise its cost of capital, and make future distribution growth more difficult), management instead ended up owning 33% of the MLP, and limited partners (retail investors) ended up with 100% of DCF and faster, more secure, and more consistent distribution growth. Certain financial information included in Dividend.com is proprietary to Mergent, Inc. ("Mergent") Copyright 2014. Rather its likely that investors would demand a higher risk premium for its units, meaning an 8% to 9% yield. See what's happening in the market right now with MarketBeat's real-time news feed. Given that no one can predict an equity's market volatility, names like Enterprise. The company increased its dividend 13 times in the past 5 years, and its payout has grown 2.09% over the same time period. All rights reserved. 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. News, reports, and commentary about active ETFs. In seeking to achieve its objective, the Fund invests a majority of its assets in the common stocks of small- and medium-sized companies that are traded on national security exchanges, the NASDAQ stock market and on the over-the-counter market. As an investor matures in his or her journey, the value of dividend stocks typically becomes more pronounced. Fwd Payout Ratio is used to examine if a companys earnings can support the current dividend payment amount. }); Reproduction of such information in any form is prohibited. Happy belated Thanksgiving to you as well! Our first priority is supporting and growing distributions to investors. Frontline's next ex-dividend date has not been announced yet. Monthly payments from quarterly dividends . I have no business relationship with any company whose stock is mentioned in this article. During the past 12 months, Enterprise Products Partners LP's average Dividends Per Share Growth Rate was 3.30% per year. Enterprise Prods Partners announced their next ex-dividend date will be on 30-Jan-2023. Enterprise Products Partners is currently trading at 13.9 times operating cash flow, which is a bit higher than its historical norm of 10.4. Accordingly, Enterprises distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate. . EPD Next Dividend Date Projection Last known ex-date: 01/30/23 Last known frequency: Quarterly Last known quarterly dividend: 0.49 Expected annual yield: 7.74% Typical ex-date schedule: January 28th April 29th July 29th October 28th Predicted Next Dividend Ex-Date For EPD: April 28th (the typical date would have fallen on a Saturday) Thanks for sharing that link. Com Units/Enterprise Products Partners L.P.'s market cap is $ 52,953,373,800 and has a PE ratio of 10.54. For example, the MLP has focused on diversifying its cash flow through enormous scale (which also helps with boost margins) and a broad range of customers. They are risky for sure but also lucrative if they hold value and of course, maintain and regularly increase the distribution. The call will be webcast live on the Internet and may be accessed through the "Investors" section of the partnerships website at www.enterpriseproducts.com. Is Intel Stock On The Verge Of Breaking Out? After all, the MLP has been steadily growing since 2004 and management has successfully navigated interest rates as high as 6.25%. If that happens, there is lots of money to be made. Enterprise also looks relatively undervalued when you consider that the midstream MLP industry median yield is 5.7%. Jul. Returns Risk A+ 1.4% short interest. Please. houston, april 07, 2022 -- ( business wire )--enterprise products partners l.p. (nyse: epd) ("enterprise") announced today that the board of directors of its general partner declared the. MLPs have been tracking much more closely with the price of oil since the crash happened. This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). 2020 Market data provided is at least 15-minutes delayed and hosted by Barchart Solutions. Over the past three years, the company's dividend has grown by an average of 2.32% per year. EPD's Dividend Yield % is ranked better than 81.39% of 462 companies in the Oil & Gas industry Industry Median: 3.88 vs EPD: 7.77 Enterprise Products Partners LP's Dividend Payout Ratio for the three months ended in Sep. 2022 was 0.77. Export data to Excel for your own analysis. Dividend Aristocrats (>25 yrs S&P500 stocks), Dividend Achievers (>10 yr NASDAQ stocks), Monthly payments from quarterly dividends, Dividend Aristocrats (>25 yrs S&P500 stocks), Dividend Achievers (>10 yr NASDAQ stocks), Best Monthly Dividend Stocks Model Portfolio, Pipelines Could Power Portfolio Income This Year, Trending: Enterprise Products Boosts Shareholder Payouts Thanks to High Oil Prices, Morgan Stanley, Costco and ASML Holding Go Ex-dividend This Week, Trending: AbbVie Stock Takes Hit From FDAs Extra-Cautious Approach to Drug Approval, Insights on Energy Infrastructure from Simon Lack, Managing Partner at SL Advisors. Everything Dividend Investors Need to Know About MLPs, Transportadora de Gas del Sur - Ordinary Shares - Class B, AltaGas Ltd - FXDFR PRF PERPETUAL CAD 25 - Ser I, Critical Facts You Need to Know About Preferred Stocks, Earn More With Dividend Stocks Than With Annuities for Your Retirement. Dividend history information is presently unavailable for this company. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. FRO's ex-dividend date. EPD Dividend Information. Nasdaq Dividend History provides straightforward stocks historical dividends data. Management is committed to increasing the distribution annually. How often does Enterprise Products Partners pay dividends? Market Cap: $42.1B. Rocha was in turn suspended from his post for 90 days by Supreme Court Justice Alexandre de Moraes. Learn more on EPD's dividend yield history. All in all, EPD is a Buy for long-term dividend-seeking investors. The forward dividend yield for EPD as of Jan. 11, 2023 is 7.71% . Copy and paste multiple symbols separated by spaces. The annual dividend for EPD shares is $1.90. 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. Step 1: Buy EPD shares 1 day before the ex-dividend date purchase date (estimate) Feb 09, 2023 Upcoming Ex-dividend date Feb 10, 2023 Step 2: SEll EPD shares when price recovers sell date (estimate) Energy stocks have a spotty dividend track record because of the sector's volatility. If you understand and are comfortable with the risks involved with investing in MLPs and desire exposure to the energy sector, Enterprise Products Partners is an interesting candidate to consider as part of a well-diversified income growth portfolio. This has greatly lowered the breakeven price for various shale formations over the last two years. The pipeline business has a number of appealing qualities. What track record does Enterprise Products Partners have of raising its dividend? Dave Fish CCC List Canadian All-Star List Sector Industry Exchanges Suspended dividends Stock buys. That would likely mean investors would be able to buy long-term Treasuries (risk-free bonds) with yields of 5% to 6%. (844) 978-6257. The dividends of EPD and MMP look much safer when you peel away the growth capital spending to come up with distributable cash flowor something closer to Joel Sterns free cash flow concept. In the S&P 500,. Helpful articles on different dividend investing options and how to best save, invest, and spend your hard-earned money. Dividend Safety Scores range from 0 to 100, and conservative dividend investors should stick with firms that score at least 60. In addition, many of its contracts guarantee a minimum gross margin, which helps to further stabilize cash flows even if energy prices collapse (as long as customers can still pay). Im in this for the long run, plus I like energy stocks, thus I think the risk is worth it for me. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. I wrote this article myself, and it expresses my own opinions. Dividend Aristocrats (>25 yrs S&P500 stocks) Dividend Champions (>25 yrs) Dividend Achievers (>10 yr NASDAQ stocks) Dividend Challengers (5-9 yrs) Dividend Contenders (10-24 yrs) Dividend Kings (>50 yrs) Picks Model Portfolios Best High Dividend Stocks Best Dividend Protection Stocks Best Dividend Growth Stocks Best Dividend Stocks Com Units/Enterprise Products Partners L.P. (NYSE:EPD) has paid dividends since 1998, has a current dividend yield of 8.0525884628% and has increased its dividends for 0 successive years. And in recent months the recovery in energy prices off its January 2016 lows has resulted in a steady rise in drilling rigs. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. To learn more, click here. Enterprise Products Partners dividend history, payout ratio & dates. Considering its 24-year history of raising the distribution, its conservative management, and its commitment to raising distributions, EPD looks to be a stellar choice for long-term dividend-seeking investors. 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. In general, profits from business operations can be allocated to retained earnings or paid to shareholders in the form of dividends or stock buybacks. Yield Attractiveness A+ 7.65% forward dividend yield. Over the last few years, record low interest rates have made Master Limited Partnerships, or MLPs, one of the hottest high-yield equity classes on Wall Street. This year will be the 24th consecutive year of distribution growth. 2023, Nasdaq, Inc. All Rights Reserved. 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. But fear not, the number actually shows the quality of management at EPD. ETFs and funds that prioritize investments based on environmental, social and governance responsibility. A cash dividend payment of $0.445 per share is scheduled to be paid . 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. 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