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Enterprise Products Partners raises quarterly distribution

Enterprise Products Partners LP hiked its distribution for the third quarter to 44.3 cents per unit, an increase of 0.3 cents, or 0.6%, from the prior-quarter distribution.

The distribution, equivalent to $1.77 per unit on an annualized basis, is a 2.3% increase over the distribution in the third quarter of 2018, according to an Oct. 9 news release. It is payable Nov. 12 to common unit holders of record as of Oct. 31.

Houston-based Enterprise is engaged in gathering, processing and other midstream energy services for natural gas, crude oil and refined products.