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Pipeline giant Enterprise inches quarterly distribution higher

Enterprise Products Partners LP raised its cash distribution for the third quarter to 43.25 cents per unit, an increase of 0.25 cent, or 0.6%, from the second quarter.

The distribution is an increase of 1 cent, or 2%, year over year. The distribution is payable Nov. 8 to common unit holders of record as of Oct. 31.

Enterprise provides natural gas, NGL and crude oil midstream services such as gathering, processing, storage and transportation in North America.