Thanks for your very useful analysis of EPD and the discussion of MLPs. Please disable your ad-blocker and refresh. EPD Stock Dividend History 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. Sign in to your free account to enjoy all that MarketBeat has to offer. 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. MLPs have been tracking much more closely with the price of oil since the crash happened. As seen below, the partnerships distribution has reliably compounded by 5-6% per year over most time periods, which is in line with my best guess of 5% annual dividend growth going forward. 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. Practice management news, reports, video and more. I log into this website first thing in the morning, since any big move in oil is reflected in energy stocks. With its generous investment tax credits, the Act is expected to triple U.S. solar energy production over the next 5 years. Stripping out growth capex helps with analysis, but it shouldnt be forgotten either. A cash dividend payment of $0.45 per share is scheduled to be paid on . The annual dividend for EPD shares is A$0.01. The only fly in the ointment is the long-term downtrend in the share price since 2014. Only 3.1% of the companys revenue is from non-rated or sub-investment grade independent companies. These returns cover a period from January 1, 1988 through December 5, 2022. 97.30% based on next year's estimates. The first two have seen big declines over the past month. ZacksTrade and Zacks.com are separate companies. Production nearly doubled over the last five years but has slumped 5%+ year-over-year in recent weeks. (Source: " Enterprise Reports First Quarter 2021 . Enterprise Products Partners's next quarterly dividend payment of $0.49 per share will be made to shareholders on Tuesday, February 14, 2023. For the year, free cash flow increased 8% to $2.7 billion, while distributable cash flow totaled $6.4 billion. Our daily ratings and market update email newsletter. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Dividend $0.49; Ex-Dividend Date Jan 30 . Get 30 Days of MarketBeat All Access Free. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. For 1000$ you would have purchased 43 number of shares. I have no business relationship with any company whose stock is mentioned in this article. 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. Consecutive Years of Dividend Increase is the number of years in a row in which there has been at least one payout increase and no payout decreases. This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). See what a Digrin managed dividend portfolio looks like. I like that you are digging into MLPs more so these days. EPD's ex-dividend date. What is noticeable is the share price is down 15% from 2019 even though the dividend itself has gone up every year. Jan 27, 2021 09:00AM EST. FRO's ex-dividend date. For one thing, constructing a pipeline can cost billions of dollars and take years to complete, resulting in high barriers to entry. Given managements track record, the stock appears to be reasonably priced, if not perhaps somewhat undervalued. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition, and other risk factors included in Enterprises reports filed with the Securities and Exchange Commission. If that happens, there is lots of money to be made. The forward dividend yield for EPD as of Jan. 11, 2023 is 7.71% . We like that. Since 1926, 40.2% of the S&P 500's total return can be attributed to dividends, according to The New York Times. Learn from industry thought leaders and expert market participants. Learn more on EPD's dividend yield history. I have no business relationship with any company whose stock is mentioned in this article. However, when you look at the current yield of 6.3% things look somewhat different. For example, currently the Federal Reserve is forecasting interest rates rising by 2.75% through the end of 2020. 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 Learn more on EPD's annual dividend history. This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission. So plenty of room for increased distributions and buybacks in the future. EPD has increased the distribution 24 years in a row. Its current dividend is a substantial 7.9%. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. 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. First, the long-term growth story for Enterprise is tied to that of the U.S. shale industry. Frontline's next ex-dividend date has not been announced yet. Here is your answer: Enterprise Products Partners LP (EPD) paid a dividend of 0.475 per share on Oct 28, 2022. Thats thanks to its business model, which is less sensitive to oil & gas prices than one might initially think. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. However, the companys score is relatively high compared to most MLPs, which require special analysis. DCF covered the annual distribution payout. Thus, when I next log into my portfolio, I have some idea of what my energy stocks are doing and why. The Dividend History page provides a single page to review all of the aggregated Dividend payment information. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. That puts the current rig count up nearly 50% off its lows and might signal that U.S. shale producers, eager for additional cash flow to service their debts, might end up stalling the recovery at much lower prices than otherwise would have occurred. Im in this for the long run, plus I like energy stocks, thus I think the risk is worth it for me. 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. Returns Potential A 24% price target upside from sell-side analysts. Type a symbol or company name. This brings me to the second major risk for Enterprise, rising interest rates. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Contact Us, COPYRIGHT 2017 Simply Safe Dividends LLC. ETFs and funds that prioritize investments based on environmental, social and governance responsibility. 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. 2021-07-09 Enterprise Declares Quarterly Distribution. Enterprise Products Partners (NYSE:EPD) dividend yield is 7.4%. that a dividend is pending. Zacks Rank Education -- Learn more about the Zacks Rank 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. Only so many pipelines are needed within a particular geographic area as well, resulting in a consolidated market. Management is also buying back. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. 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. Happy belated Thanksgiving to you as well! Looking at revenue we see a steep drop from 2018 through 2020 then a quick rise for the last two years. Terms of Service | When was Enterprise Products Partners's most recent dividend payment? As an investor matures in his or her journey, the value of dividend stocks typically becomes more pronounced. Disciplined capital management has kept debt low relative to other pipelines and inside ownership is over 36%. This has greatly lowered the breakeven price for various shale formations over the last two years. 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. However, after Brians very thorough article on EPD, I determined that I will add it to my portfolio instead. All rights reserved. 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. Over the past three years, the company's dividend has grown by an average of 2.32% per year. Few companies have the capital and industry connections (e.g. Putin's invasion of Ukraine has revealed the West's dependence on Russia for their energy needs. 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. Enjoy the holidays! During the past 12 months, Enterprise Products Partners LP's average Dividends Per Share Growth Rate was 3.30% per year. 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. Conservative dividend growth rate is calculated from DGR5 value and uses this function (in EPD case 2.52% was used as conservative DGR). Delayed quotes by Sungard. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. 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. 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. 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