Real-time analyst ratings, insider transactions, earnings data, and more. Besides, the dividend rate for MMP is a rather anemic 4.8%, for the risk one is taking, and SEP prices seem more volatile. Get the Latest News and Ratings for Your Stocks. Zacks Style Scores Education - Learn more about the Zacks Style Scores. So the current yield is about 9% higher than its historic norm. Identify stocks that meet your criteria using seven unique stock screeners. Note: members of my Turnaround Stock Advisory service receive my articles prior to publication, plus real-time updates. The distribution is safe, too. Solar Industry at Start of Long Bull Run? Learn more on EPD's dividend yield history. When was Enterprise Products Partners's most recent dividend payment? This brings me to the second major risk for Enterprise, rising interest rates. The time remaining before the next ex-dividend date. The forward dividend yield for EPD as of Jan. 11, 2023 is 7.71% . How much is Enterprise Products Partners's annual dividend? Enterprise Products Partners dividend history, payout ratio & dates. 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. Meanwhile, the Dow lost 1.05%, and the Nasdaq, a tech-heavy index, lost 5.88%. Retirement news, reports, video and more. Warning Sign: If a company's dividend payout ratio is too high, its dividend may not be sustainable. These symbols will be available throughout the site during your session. Add EPD to your watchlist to be reminded before . EPD's ex-dividend date. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. 23% price target upside from sell-side analysts. . 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. Com Units/Enterprise Products Partners L.P.'s market cap is $ 52,953,373,800 and has a PE ratio of 10.54. 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. These are all huge potential growth runways for the entire oil & gas industry that could see production of both US oil & natural gas continue growing strongly for the next 10 to 15 years. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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. 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. Is it a Buy? if (!window.mc4wp) { Stay up to date with timely dividend news. Model portfolio targeting 7-9% dividend yield. Quant Recommendation - EPD Maximize Income Goal EPD Target Yields of 7-9% This distribution represents a 3.3 percent increase over the distribution declared with respect to the first quarter of 2021. I have been following MMP and SEP for several months for possible purchase, but I was more peripherally aware of EPD. Dividend history information is presently unavailable for this company. 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. Dividend Yield History Number of Employees Historical dividend payout and yield for Enterprise Products Partners (EPD) since 2000. 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. If you found this article to be of value, please scroll up and click the "Follow" button next to my name. Copy and paste multiple symbols separated by spaces. I am not receiving compensation for it (other than from Seeking Alpha). Read more. management's wise decisions to divest some properties and reinvest in others. Take a look at U.S. natural gas production, which increased nearly 50% in less than a decade. Delayed quotes by Sungard. The current dividend yield for Enterprise Products Partners as of January 06, 2023 is 7.60%. This year will be the 24th consecutive year of distribution growth. Nasdaq Dividend History provides straightforward stocks historical dividends data. Please. Each of the EPD dividend growth tables by year are listed below, and overall, the 1999 to 2021 simple average EPD dividend growth rate = 6.27%, with the worst EPD dividend growth rate over that time being 1.12% and the best EPD dividend growth rate being 13.79%, as detailed below. 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. Data Link's cloud-based technology platform allows you to search, discover and access data and analytics for seamless integration via cloud APIs. 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. 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. 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. For most of my 40-year career developed and sold financial and accounting software. By creating a free account, you agree to our, Mullen Automotive - Short Squeeze is Possible - Not Inevitable, PepsiCo or Coke? 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. Real time prices by BATS. The current dividend yield for Enterprise Products Partners is 7.50%. The stock price closed yesterday at $ 24.34 and has a 52 week low/high of $ 22.75 and $ 28.65. For one thing, constructing a pipeline can cost billions of dollars and take years to complete, resulting in high barriers to entry. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Top 40%. Enterprise Products Partners L.P. (EPD) Dividend History | Seeking Alpha Dividend History Dividend Estimates Consistency Grade EPD Consistency Grade *Grades are relative to the Energy. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. Export data to Excel for your own analysis. View real-time stock prices and stock quotes for a full financial overview. Since that point, the dividend has increased from $0.125 . DCF covered the annual distribution payout. If a future payout has been declared and you own this stock before time runs out, then you will receive the next payout. 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. 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. Learn more on EPD's annual dividend history. Except as required by law, Enterprise does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise. Thor Industries Hammered Its Numbers. Fundamental Data provided by DividendInvestor.com. Enterprise Products Partners Dividend Yield So EPD meets that criterion easily. However, it did pay its quarterly dividend of 31.25 cents per share. 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. Type a symbol or company name. } We wrote a detailed analysis reviewing how Dividend Safety Scores are calculated, what their track record has been, and how to use them for your portfolio here. (844) 978-6257. With increasing gross profit and EBITDA, I think it is safe to say, EPD's dividend is not only safe but most likely will grow over the foreseeable future. Historical Dividend Data powered by DividendInvestor.com. Enterprise Products Partners's next quarterly dividend payment of $0.49 per share will be made to shareholders on Tuesday, February 14, 2023. For example, Enterprise Products is on the forefront of many of the greatest growth opportunities in the oil & gas industry, including exports of US crude oil, refined NGL products and liquefied natural gas, or LNG. If you have an ad-blocker enabled you may be blocked from proceeding. Top 40%. What is noticeable is the share price is down 15% from 2019 even though the dividend itself has gone up every year. Since pipelines have high fixed costs, their profitability is sensitive to the amount of fees they charge and how much product volume they are able to move. * Dividend.com does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. However, with its strong balance sheet, best-in-class management team, long growth runway, and solid track record of paying a secure and growing distribution in many different economic / interest rate / energy price environments, Enterprise Products Partners appears to represent one of the safer high-yield MLPs in the market. If you are reaching retirement age, there is a good chance that you You take care of your investments. Tritium Is the Largest DC EV Charger Maker Youve Never Heard Of. 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. Find the latest Financials data for Enterprise Products Partners L.P. Common Stock (EPD) at Nasdaq.com. that a dividend is pending. event : event, Add FRO to your watchlist to be reminded before . 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 Stripping out growth capex helps with analysis, but it shouldnt be forgotten either. The Dividend History page provides a single page to review all of the aggregated Dividend payment information. At first glance, Enterprises high debt load might not appear all that safe. 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. Thus I really appreciate Brians thorough analyses that give me that data, specifically related to dividends. Its still a real risk what if the project fails to deliver its expected return with the slump in oil / gas prices? Not sure where to start? The partnerships assets currently include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity. After all, the MLP has been steadily growing since 2004 and management has successfully navigated interest rates as high as 6.25%. EDP EDP has a long history of conservative management and steady dividend increases. The attorney general's office said it had . Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. View which stocks are hot on social media with MarketBeat's trending stocks report. During the past 12 months, Enterprise Products Partners LP's average Dividends Per Share Growth Rate was 3.30% per year. Diversify across sectors or allocate more towards a bullish sector thesis. Borrowing rates prior to 2008-9 were also higher than they are at this point in time. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Track recent dividend declarations and get ready for upcoming payouts. Thanks for reading. Zacks Ranks stocks can, and often do, change throughout the month. 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. Com Units/Enterprise Products Partners L.P. (NYSE:EPD) has paid dividends since 1998, has a current dividend yield of 8.0525884628% . I am not receiving compensation for it (other than from Seeking Alpha). 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. However, when we look at the distribution coverage ratio, or DCR (distribution/DCF), the picture looks very different. Blend yield & returns in the Energy sector. 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) Up to 30% of the Fund's net assets may be invested in foreign securities. However, much of the companys future ultimately hinges on the success of its growth projects and how the domestic energy landscape evolves. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Enterprise Products Partners's most recent quarterly dividend payment of $0.4750 per share was made to shareholders on Monday, November 14, 2022. I log into this website first thing in the morning, since any big move in oil is reflected in energy stocks. Create your Watchlist to save your favorite quotes on Nasdaq.com. This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Yield Attractiveness A+ 7.65% forward dividend yield. In-depth profiles and analysis for 20,000 public companies. Is Dividend Investing Good for Millennials? Here is your answer: Enterprise Products Partners LP (EPD) paid a dividend of 0.475 per share on Oct 28, 2022. However, when you look at the current yield of 6.3% things look somewhat different. This is why EPD held up so well in 2020. The scores are based on the trading styles of Value, Growth, and Momentum. First, the long-term growth story for Enterprise is tied to that of the U.S. shale industry. Copyright Notice | Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Enterprise also looks relatively undervalued when you consider that the midstream MLP industry median yield is 5.7%. For example, in 2010 when its unit price was still depressed from the effects of the credit crisis, the MLP bought out its general partners incentive distribution rights, or IDRs, for $8 billion. })(); Happy Thanksgiving Brian, and thanks for the great article on EPD. Enterprise Products Partners is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products. 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