Enterprise Products Partners L.P. (NYSE:EPD) declared a quarterly dividend on Monday, January 13th, RTT News reports. Stockholders of record on Friday, January 31st will be paid a dividend of 0.445 per share by the oil and gas producer on Wednesday, February 12th. This represents a $1.78 annualized dividend and a dividend yield of 6.14%. The ex-dividend date of this dividend is Thursday, January 30th. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.44.

Enterprise Products Partners has raised its dividend payment by an average of 3.6% per year over the last three years and has raised its dividend annually for the last 20 consecutive years. Enterprise Products Partners has a dividend payout ratio of 82.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Enterprise Products Partners to earn $2.19 per share next year, which means the company should continue to be able to cover its $1.77 annual dividend with an expected future payout ratio of 80.8%.

NYSE EPD opened at $28.99 on Wednesday. The stock’s fifty day moving average is $27.68 and its two-hundred day moving average is $28.16. The firm has a market capitalization of $63.33 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 3.26 and a beta of 0.88. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.72 and a current ratio of 0.91. Enterprise Products Partners has a fifty-two week low of $25.04 and a fifty-two week high of $30.86.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Monday, October 28th. The oil and gas producer reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.05). The firm had revenue of $7.96 billion during the quarter, compared to analysts’ expectations of $8.97 billion. Enterprise Products Partners had a net margin of 14.07% and a return on equity of 19.59%. Enterprise Products Partners’s quarterly revenue was down 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. As a group, sell-side analysts forecast that Enterprise Products Partners will post 2.17 EPS for the current year.

In other Enterprise Products Partners news, Director Randa Duncan Williams acquired 240,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were acquired at an average price of $26.00 per share, for a total transaction of $6,240,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have acquired 880,796 shares of company stock worth $23,471,253. 37.50% of the stock is owned by insiders.

A number of brokerages have recently issued reports on EPD. ValuEngine raised Enterprise Products Partners from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Morgan Stanley began coverage on Enterprise Products Partners in a research note on Monday, January 6th. They set an “overweight” rating and a $32.00 target price for the company. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.67.

About Enterprise Products Partners

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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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Dividend History for Enterprise Products Partners (NYSE:EPD)

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