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Enterprise increases quarterly distribution as planned

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.