EPD Dividend History Detail The quarterly distribution will be paid Thursday, May 12, 2022, to common unitholders of record as of the close of business Friday, April 29, 2022. Enterprise Products Partners's latest quarterly cash dividend of $0.475 per share was issued to shareholders on record before Oct 28, 2022. Enterprise Products Partners L.P. ( EPD) will begin trading ex-dividend on July 29, 2021. Enterprise Products Partners's most recent ex-dividend date was Friday, October 28, 2022. For example, currently the Federal Reserve is forecasting interest rates rising by 2.75% through the end of 2020. When you compare Enterprise Product Partners credit metrics to its peers, you can see that the MLP actually has one of the strongest balance sheets in its industry. PepsiCo is the Winner, Here's Why. Accordingly, Enterprises distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate. Enterprise Products Partners's next quarterly dividend payment of $0.49 per share will be made to shareholders on Tuesday, February 14, 2023. Assume, you had bought 1000$ worth of shares before one year on Oct 28, 2021. Looking for a helping hand in the market? Perhaps investors are realizing the returns on MLPs growth projects (and thus their credit ratings / dividends) are more tied to oil prices than previously thought especially if customers no longer can honor some of their contracts as they are currently written. This is in-line with the Oil & Gas Pipelines industry . But we have to remember that as an MLP, Enterprise Products Partners pays out the vast majority of its cash flow as distributions and thus must periodically turn to equity markets to raise growth capital. Thanks for sharing that link. General Electric: Another Dividend Cut Expected in 12 to 18 Months simplysafedividends.com/general-electr #dividend, Roper Technologies (ROP) simplysafedividends.com/roper-technolo #dividend. Only so many pipelines are needed within a particular geographic area as well, resulting in a consolidated market. 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. Frontline's previous ex-dividend date was on 2020-09-10. Blend yield & returns in the Energy sector. The trajectory of interest rates could have an impact as well. Our first priority is supporting and growing distributions to investors. Monthly payments from quarterly dividends . A cash dividend payment of $0.445 per share is scheduled to be paid . Find the latest Enterprise Products Partners L.P. (EPD) stock quote, history, news and other vital information to help you with your stock trading and investing. For example, the U.S. Geological Survey just announced the discovery of the single largest oil field in US history, in Texas Wolfcamp shale formation. That could result in higher costs of capital going forward, as well as higher dilution, which makes future payout growth harder to achieve. While its true that this sector has its own risk factors that investors need to be aware of, certain midstream MLPs (those that operate gathering, processing, storage, and transportation infrastructure such as pipelines) can make compelling long-term, high-yield dividend growth investments. Assuming annual dividend growth rate of 2.52%, dividends double every . 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. More importantly, find out if Enterprises combination of world class conservative management, strong balance sheet, and solid long-term growth prospects make this a solid core holding for most diversified income portfolios, especially at todays price. While thats not necessarily a bad thing for Enterprise in the short to medium-term, since its assets would see growing demand, it might make it harder for oil & gas producers to find sufficient low cost funding in coming years, since banks are less likely to lend money at attractive rates if oil prices remain around $55 to $60 for several more years. Thats especially true given the highly favorable economics of these formations, meaning high internal rates of return if energy prices increase by just a little from todays levels. forms : { Thus, when I next log into my portfolio, I have some idea of what my energy stocks are doing and why. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Most of those companies are too hard for me. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Sep. 30, 2022 RC STOCK PRICE DECREASE: Ready Capital Corp on 09-30-2022 decreased stock price > 10% from $10.95 to $9.75. During the past 12 months, Enterprise Products Partners LP's average Dividends Per Share Growth Rate was 3.30% per year. So plenty of room for increased distributions and buybacks in the future. 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. Natural gas liquids transportation and processing provides the majority of the MLPs gross margins, which Enterprise is doubling down on because the shale gas boom has resulted in such an abundance of NGLs (which are used to make plastics) that there is a massive and fast growing export market for refined NGL products such as Ethylene and Propylene in Asia and Europe. I wrote this article myself, and it expresses my own opinions. See what a Digrin managed dividend portfolio looks like. And in recent months the recovery in energy prices off its January 2016 lows has resulted in a steady rise in drilling rigs. Get the best dividend capture stocks for January. Enterprise Products Partners pays quarterly dividends to shareholders. Does it Matter Folks Aren't Starry-Eyed Over Pepsi's New Soda? Fixed income news, reports, video and more. Few companies have the capital and industry connections (e.g. When was Empired's most recent ex-dividend date? When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Enterprise Products Partners has increased its dividend for the past 26 consecutive years. 07, 2022 DIVIDEND ANNOUNCEMENT: Com Units/Enterprise Products Partners L.P. (NYSE: EPD) on 07-07-2022 declared a dividend of $0.4750 per share Read more. Enterprise also looks relatively undervalued when you consider that the midstream MLP industry median yield is 5.7%. * Dividend amounts are adjusted for stock splits when applicable. Enterprise Products Partners claim to fame is its unbeatable track record of stable and consistent growth through all manner of commodity/economic/interest rate environments. Enterprise Products Partners (NYSE:EPD) is one of the largest pipelines in the US, with a more than 50,000-mile footprint covering the United States from Wyoming to New York. Management is also buying back. I have been following MMP and SEP for several months for possible purchase, but I was more peripherally aware of EPD. To learn more, click here. Furthermore, over 90% of Enterprise Products Partners debt has fixed rates, and the average maturity of its debt is 17.1 years. All in all, EPD is a Buy for long-term dividend-seeking investors. I like that you are digging into MLPs more so these days. Market Cap: $42.1B. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank, Industry: Oil and Gas - Production Pipeline - MLB. Enterprise Products quarterly distribution has been increased 58 times since the partnership went public in 1998, including 49 consecutive quarterly raises. At first glance, Enterprises high debt load might not appear all that safe. Year-to-date, U.S. natural gas production is down about 1%, including 2-3% year-over-year declines in June, July, and August. FRO's ex-dividend date. With that said, MMP and EPD are two of the safer MLPs. We look at some of the most important financial factors such as current and historical EPS and FCF payout ratios, debt levels, free cash flow generation, industry cyclicality, ROIC trends, and more. The EPD dividend history graphic shown above is presented after taking into consideration any known stock split occurrences, in order to present the most directly comparable EPD historical dividend comparison possible. Dividends have been an important source of returns for investors. If you found this article to be of value, please scroll up and click the "Follow" button next to my name. At EPD stock's current share price, that translates to an annual dividend yield of 7.7%. Basically, it used the 2016 dividend cut to help reset the business, reducing leverage while still investing in its business for growth. Appreciate your highlighting the risks as well as the advantages. Part of the reason for this is also managements extremely unit holder friendly, long-term focus. How often does Enterprise Products Partners pay dividends? oil & gas producers, regulators) to build and operator pipeline systems. Ironically enough, the problem for the U.S. energy industry is that the oil crash has forced it to become so much more efficient, optimizing fracking techniques though things like multiple wells per drill pad, longer horizontal laterals, multiple fracking stages, and greater use of frack sand. When was Enterprise Products Partners's most recent dividend payment? Is it a Buy? 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. Identify stocks that meet your criteria using seven unique stock screeners. In the S&P 500,. This is because Enterprises cash flow is protected by long-term, fixed fee contracts (with minimum volume guarantees) and annual rate escalators (to offset inflation). You raised a great point about diversification it prevents us from having to be right on all of our investments. }); In the press release announcing the dividend suspension, the company said that aviation fuel sales fell 80% by the end of March, while the . The long-term growth rate of MLPs has come into question for some of these reasons, resulting in the sharp sell-off that has taken place since late 2014. It is also buying back shares, which further supports the dividend because the same dollar amount of distribution will be spread over fewer shares. This means that, although the short-term price of Enterprises units, which generally trade along with oil prices, doesnt affect its cash flow, the MLPs ability to continue finding profitable projects to invest in and thus grow its DCF does require an eventual recovery in oil & gas prices. Is Dividend King PPG Industries A Buy Before Earnings? A replay of the webcast will be available for one week following the conference call and may be accessed approximately one hour after completion of the call. Enterprise Products Partners is already one of the largest infrastructure providers in these areas, where there are about $4 trillion in oil & gas (at todays prices) just waiting for U.S. shale producers to extract. EPD. Thanks, Gjg49. Most companies pay. This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission. Step 1: Buy EPD shares 1 day before the ex-dividend date, Step 2: SEll EPD shares when price recovers. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. This page (NYSE:EFC) was last updated on 1/10/2023 by MarketBeat.com Staff. By the way, in following the prices of these stocks today, while also following the price of oil, I noted the stock prices were in lock step with oil prices, right down to the minute, at least during the last trading hour or so I did this study. DividendInvestor.com is a leading worldwide independent provider of dividend information and data for investment professionals. that a dividend is pending. . That is an enviable record that few other companies can match. Scores of 50 are average, 75 or higher is very good, and 25 or lower is considered weak. Browse our guide to find the best dividend stocks. Municipal bonds news, reports, video and more. 26 years of consecutive dividend increase. View real-time stock prices and stock quotes for a full financial overview. As you can see from the map below, it is tied into Americas largest and most prolific shale oil & gas formations, including the Eagle Ford (east Texas), Permian basin (west Texas), Niobrara (Colorado), and the Marcellus and Utica shale gas fields (Pennsylvania and Ohio, respectively). The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Russia Ignites West's Battle for Energy Independence. And with $5.6 billion in projects currently under construction (to be completed through 2018), Enterprise should have no trouble continuing to provide secure and steadily growing income for long-term investors throughout this time horizon. Pricing; . The Dividend History page provides a single page to review all of the aggregated Dividend payment information. Conservative dividend growth rate is calculated from DGR5 value and uses this function (in EPD case 2.52% was used as conservative DGR). So dividend/distribution growth and share buybacks are both priorities of management, a good sign if you are looking for increased dividend payout going forward. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. 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). This in turn would mean that Enterprise, with its current 6.4% yield, would be far less attractive. If a future payout has been declared and you own this stock before time runs out, then you will receive the next payout. Key Data for EPD Dividend Dividend History Summary Enterprise Products Partners (EPD) announced on January 5, 2023 that shareholders of record as of January 30, 2023 would receive a. Learn more on EPD's dividend yield history. Real time prices by BATS. Enterprise Products Partners has a below average Dividend Growth Score, which seems to somewhat underplay the MLPs strengths and continued ability and commitment to growing the payout. News, reports, and commentary about active ETFs. What track record does Enterprise Products Partners have of raising its dividend? Com Units/Enterprise Products Partners L.P.'s market cap is $ 52,953,373,800 and has a PE ratio of 10.54. Historical dividends, when charted graphically, can reveal the long-term variability and/or growth within the EPD dividend . Reproduction of such information in any form is prohibited. Zacks Style Scores Education - Learn more about the Zacks Style Scores. If you are reaching retirement age, there is a good chance that you You take care of your investments. It has chosen to retain far more distributable cash flow (over $6.2 billion since 2004), or DCF (the equivalent of free cash flow for MLPs, and what funds the distribution), which has allowed it to fund much more growth internally rather than depending on external debt and equity markets. When you look at EPD's Revenue, Gross Profit, and EBITDA over the last five years, you see some incongruous numbers. Diversify across sectors or allocate more towards a bullish sector thesis. The current dividend yield for Enterprise Products Partners as of January 06, 2023 is 7.60%. Dividend articles featuring Enterprise Products (EPD): 2022-04-07 Enterprise Declares Quarterly Distribution. DIVIDEND RATE INCREASE: Com Units/Enterprise Products Partners L.P. (NYSE. 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 other words, Enterprise Products Partners is effectively the dividend aristocrat of the MLP industry. For example, over the past 13 years Enterprises yield has ranged from 3.42% to 11.67%, with a median of 5.77%. You must be a shareholder on or before the next ex-dividend date to receive the upcoming dividend. EPD. Stay up to date with timely dividend news. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. The U.S. solar industry generated nearly $33 billion of private investment in the American economy in 2021 -- and analysts say it looks like the start of a long solar bull market. Enterprise repurchased approximately $95 million of its common units in the open market during the third quarter of 2022 and has repurchased a total of $130 million of common units in 2022. Or to put it another way, if you are only looking at GAAP EPS or FCF/share, then the payout for almost all MLPs, including best in class names such as Enterprise Products Partners, will appear alarmingly high. We use cookies to understand how you use our site and to improve your experience. Wrote a book on public pensions and a play that won an award in Writer Digest Magazine's annual writers competition, a contest that draws over 10,000 entries a year. Past performance is no guarantee of future results. If you do not, click Cancel. Specifically, Enterprise reported $3.1 billion in DCF for the first three quarters of 2016, which means a DCR of 1.22. For a security, the Price/Earnings Ratio is given by dividing the Last Sale Price by the Actual EPS (Earnings Per Share). This year will be the 24th consecutive year of distribution growth. Prior to today's trading, shares of the petroleum and. Learn more on EPD's annual dividend history. However, since EPDs price is more toward the low side of its 52 Week price and the dividend rate is a juicy 6.2+ %, I will start to average in. EPD currently pays investors $1.90 per share, or 7.44%, on an annual basis. Nasdaq Data provided by Nasdaq Data Link, a premier source for financial, economic and alternative datasets. Cathie Wood Is Buying These Stocks, Should You? * indicates the important links in the menu. Privacy Policy | Returns Risk A+ 1.4% short interest. Enterprise Products Partners (EPD) announced on January 5, 2023 that shareholders of record as of January 30, 2023 would receive a dividend of $0.49 per share on February 14, 2023. Com Units/Enterprise Products Partners L.P. (NYSE:EPD) on 01/05/2023 declared a dividend of $ 0.4900 per share payable on February 14, 2023 to shareholders of record as of January 31, 2023. Dividend amount recorded is an increase of $ 0.015 from last dividend Paid. Johnson & Johnson Breakout Breaks Down: Can Earnings Boost Stock? Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. Longer term, who know how this will affect this company or others. One minor note: on the basis of Net debt/EBITDA and EBITDA/interest expense (interest coverage), MMP currently looks safer than EPD. Please note that the dividend history might include thecompanys preferred securities as well. Enterprise Prods Partners announced their next ex-dividend date will be on 30-Jan-2023. Theoretically, one could argue that MMP should have a slightly better credit rating than EPD although this does not take into account such notions as the credit worthiness of the client base of each of the MLPs. 97.30% based on next year's estimates. } 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. 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. This creates a massive growth runway that should allow Enterprise Products Partners to realistically continue growing its DCF and its highly secure payout by around 5% over the next decade. What is Enterprise Products Partners's dividend payout ratio? It has raised its distribution for 24 consecutive years. Besides, the dividend rate for MMP is a rather anemic 4.8%, for the risk one is taking, and SEP prices seem more volatile. I wrote this article myself, and it expresses my own opinions. Enterprise Products Partners (NYSE:EPD) dividend yield is 7.4%. The companys network of assets helps move different types of energy and fuel from one location to another for upstream exploration and production (E&P) companies. All rights reserved. Track recent dividend declarations and get ready for upcoming payouts. Recommendation not provided. Learn more about dividend stocks, including information about important dividend dates, the advantages of dividend stocks, dividend yield, and much more in our financial education center. Certain financial information included in Dividend.com is proprietary to Mergent, Inc. ("Mergent") Copyright 2014. Putin's invasion of Ukraine has revealed the West's dependence on Russia for their energy needs. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. By creating a free account, you agree to our, Mullen Automotive - Short Squeeze is Possible - Not Inevitable, PepsiCo or Coke? I have no business relationship with any company whose stock is mentioned in this article. We analyze 25+ years of dividend data and 10+ years of fundamental data to understand the safety and growth prospects of a dividend. 2021-10-12 Enterprise Declares Quarterly Distribution. Price/Earnings Ratio is a widely used stock evaluation measure. Happy belated Thanksgiving to you as well! For most of my 40-year career developed and sold financial and accounting software. Register for your free account today atdata.nasdaq.com. Management is committed to increasing the distribution annually. Terms of Service | List: . EVANSVILLE The former president of the Evansville Fraternal Order of Police said he could face a suspension from the Evansville Police Department for not enforcing what he describes as a "quota,". Interesting. In fact, just last week Baker Hughes (BHI) reported the number of rigs drilling in the U.S. rose by 20, the largest weekly increase in two years. When is Enterprise Products Partners's next dividend payment? The monthly returns are then compounded to arrive at the annual return. Latest Dividends Enter the number of Enterprise Products Partners L P - Unit shares you hold and we'll calculate your dividend payments: Calculate Payment Previous Payment $47.50 Paid on 14 Nov 2022 (Mon) Next Payment $49.00 Com Units/Enterprise Products Partners L.P. (NYSE:EPD) on 01/05/2023 declared a dividend of $ 0.4900 per share payable on February 14, 2023 to shareholders of record as of January 31, 2023.Dividend amount recorded is an increase of $ 0.015 from last dividend Paid. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. When autocomplete results are available use up and down arrows to review and enter to select. Is Dividend Investing Good for Millennials? Real-time analyst ratings, insider transactions, earnings data, and more. This trading strategy invovles purchasing a stock just before the ex-dividend date in order to collect the dividend and then selling after the stock price has recovered. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.48% per year. Become a Premium Member to stick up to 3 rows and access more exclusive benefits. Schedule monthly income from dividend stocks with a monthly payment frequency. Enter Your Email Below To Claim Your Report: New Report from the Award-winning Analyst Who Beat the Market Over 15 Years. CONTACT US: (440) 617-1200; Home; Contact Us; why are flights so expensive right now 2022 Menu MLPs have been tracking much more closely with the price of oil since the crash happened. With its generous investment tax credits, the Act is expected to triple U.S. solar energy production over the next 5 years. Meanwhile, the Dow lost 1.05%, and the Nasdaq, a tech-heavy index, lost 5.88%. The pipeline business has a number of appealing qualities. What if access to capital tightens up, possibly forcing a dividend reduction to maintain a credit rating and keep financing the growth projects. Is Enterprise Products Partners's dividend growing? Type a symbol or company name. However, when we look at the distribution coverage ratio, or DCR (distribution/DCF), the picture looks very different. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Enterprise Products Partners LP (NYSE:EPD) Institutional ownership of EPD stands at $523.6 million shares or 24.05% of shares outstanding. 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. Fortunately Enterprises massive scale and best-in-the-industry BBB+ credit rating means that it isnt likely to be priced out of the debt markets in the coming years. Enterprise Products Partners L.P. Common Stock, Do Not Sell My Personal Information (CA Residents Only). The next few years will be really interesting as the power struggle for control of the oil industry continues between OPEC and US shale. In addition, unlike other pipeline operators such as Kinder Morgan (KMI), which went debt crazy during the boom years of 2010 through 2014 (when oil was about $100 per barrel), Enterprises management has always been far more conservative in its growth approach. Rather its likely that investors would demand a higher risk premium for its units, meaning an 8% to 9% yield. Our mission is to be the First In Dividend Data Worldwide by designing and developing essential tools and systems for the investment community with the highest level of accuracy and integrity. 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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. Given managements track record, the stock appears to be reasonably priced, if not perhaps somewhat undervalued. Learn from industry thought leaders and expert market participants. EPD's current dividend yield is eight basis points . Here is the price of oil during the past 70 years, actual and inflation adjusted.. http://inflationdata.com/inflation/inflation_rate/historical_oil_prices_table.asp. Oct 28, 2020 9:00AM EDT. The annual dividend for EPD shares is A$0.01. Since I want the fundamentals of my stocks to be good to superior, but I invest in many different sectors, I dont have the expertise to do an in depth analyses on all of them. This is why we need to look at these numbers in context. Top 40%. For 1000$ you would have purchased 43 number of shares. Good to see that you differentiated between growth capital spending and maintenance or sustaining capital spending. For example, oil and gas prices are already up to $47.5 and $2.95, respectively. Enterprise Products Partners Dividend Yield So EPD meets that criterion easily. This brings me to the second major risk for Enterprise, rising interest rates.