Followingthrough on its previously announced plan, Enterprise Products Partners LP increased its quarterlydistribution for the third quarter of 2016 to 40.5 cents per unit, or $1.62annualized.
Enterpriseon Jan. 4 said its management was planning to recommend to the board of itsgeneral partner a 5.2% year-over-year increase in its distribution for thethird quarter, which would be supported by $6.0 billion of new projects.
Thedistribution will be paid Nov. 7 to unit holders of record as of the close ofbusiness Oct. 31.