Quarterly Dividend of $0.66 Declared by Enterprise Products Partners (EPD)
Enterprise Products Partners (NYSE:EPD) announced a quarterly dividend on Tuesday, January 15th. Investors of record on Thursday, January 31st will be paid a dividend of $0.66 per share on Thursday, February 7th. This represents a $2.64 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Tuesday, January 29th. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.65.
EPD has been the subject of a number of recent research reports. Analysts at Deutsche Bank raised their price target on shares of Enterprise Products Partners from $60.00 to $62.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. On the ratings front, analysts at Zacks reiterated a “buy” rating on shares of Enterprise Products Partners in a research note to investors on Thursday, December 6th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Enterprise Products Partners in a research note to investors on Tuesday, November 20th. They now have a $54.00 price target on the stock.
Eighteen analysts have rated the stock with a buy rating, one has given an overweight rating, and two have assigned a hold rating to the company. Enterprise Products Partners has an average rating of “buy” and a consensus target price of $59.33.
Shares of Enterprise Products Partners (EPD) traded down 0.13% during mid-day trading on Tuesday, hitting $54.35. Enterprise Products Partners (EPD) has a 52 week low of $45.67 and a 52 week high of $55.38. The stock’s 50-day moving average is currently $50.92. The company has a market cap of $48.464 billion and a P/E ratio of 19.08.
Enterprise Products Partners last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.06. The company had revenue of $10.47 million for the quarter, compared to the consensus estimate of $11.22 billion. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. Analysts expect that Enterprise Products Partners (EPD) will post $2.62 EPS for the current fiscal year.
Enterprise Products Partners L.P. (Enterprise) is a North American midstream energy company providing a range of services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products and certain petrochemicals.
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