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Enterprise Products Partners quarterly cash distribution will be $0.515 per unit, or $2.06 per unit annually, the midstream company said in an April 5 news release. Enterprise said the distribution represents a 5.1% increase compared to its first-quarter 2023 payout.
The distribution will be paid May 14 to common unitholders of record by April 30.
The company also repurchased $40 million of its common units during first-quarter 2024 and has now used 48% of its authorized $2 billion buyback program, Enterprise said.
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