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Enterprise Products Partners hikes quarterly distribution

Enterprise Products Partners LP increased its distribution for the fourth quarter of 2019 to 44.5 cents per unit, an increase of 0.2 cents from the prior-quarter distribution.

The distribution, equivalent to $1.78 per unit on an annualized basis, is a 2.3% increase over the distribution in the fourth quarter of 2018, according to a Jan. 13 news release. It is payable Feb. 12 to common unit holders of record as of Jan. 31.

Houston-based Enterprise provides gathering, processing, transportation, storage and other midstream services for gas, oil, NGL and refined products.