For a security, the Price/Earnings Ratio is given by dividing the Last Sale Price by the Actual EPS (Earnings Per Share). Assuming annual dividend growth rate of 2.52%, dividends double every . Enterprise Products Partners's most recent ex-dividend date was Friday, October 28, 2022. While thats not necessarily a bad thing for Enterprise in the short to medium-term, since its assets would see growing demand, it might make it harder for oil & gas producers to find sufficient low cost funding in coming years, since banks are less likely to lend money at attractive rates if oil prices remain around $55 to $60 for several more years. Looking for a helping hand in the market? Enterprise is better positioned to take on this risk than many of its peers thanks to its focus on investment-grade rated customers who are more likely to be able to pay their contracts, but its still something to pay attention to. As you can see from the map below, it is tied into Americas largest and most prolific shale oil & gas formations, including the Eagle Ford (east Texas), Permian basin (west Texas), Niobrara (Colorado), and the Marcellus and Utica shale gas fields (Pennsylvania and Ohio, respectively). 23% price target upside from sell-side analysts. EPD Next Dividend Date Projection Last known ex-date: 01/30/23 Last known frequency: Quarterly Last known quarterly dividend: 0.49 Expected annual yield: 7.74% Typical ex-date schedule: January 28th April 29th July 29th October 28th Predicted Next Dividend Ex-Date For EPD: April 28th (the typical date would have fallen on a Saturday) Rather its likely that investors would demand a higher risk premium for its units, meaning an 8% to 9% yield. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Source: Enterprise Products Partners. The key point to remember is even though revenue was down some years both gross profit and EBITDA went up, thus allowing the dividend to go up too. It divides the Forward Annualized Dividend by FY1. Our mission is to be the First In Dividend Data Worldwide by designing and developing essential tools and systems for the investment community with the highest level of accuracy and integrity. Enterprise Products Partners's most recent quarterly dividend payment of $0.4750 per share was made to shareholders on Monday, November 14, 2022. The company increased its dividend 13 times in the past 5 years, and its payout has grown 2.09% over the same time period. Thanks for reading. We look at some of the most important financial factors such as current and historical EPS and FCF payout ratios, debt levels, free cash flow generation, industry cyclicality, ROIC trends, and more. E nterprise Products Partners L.P. (EPD) will begin trading ex-dividend on October 29, 2020. The current dividend payout for stock Enterprise Products Partners L.P. (EPD) as of Jan. 11, 2023 is 1.96 USD . Com Units/Enterprise Products Partners L.P.'s market cap is $ 52,953,373,800 and has a PE ratio of 10.54. Municipal bonds news, reports, video and more. This creates a massive growth runway that should allow Enterprise Products Partners to realistically continue growing its DCF and its highly secure payout by around 5% over the next decade. By creating a free account, you agree to our, Mullen Automotive - Short Squeeze is Possible - Not Inevitable, PepsiCo or Coke? Yield Attractiveness A+ 7.65% forward dividend yield. Is Enterprise Products Partners's dividend growing? The long-term growth rate of MLPs has come into question for some of these reasons, resulting in the sharp sell-off that has taken place since late 2014. The best way of valuing an MLP is based not on earnings but on cash flow and yield, since these are the most crucial metrics that directly apply to the very reason that investors own these securities. The annual dividend for EPD shares is $1.90. if (!window.mc4wp) { In other words, traditional metrics such as EPS and free cash flow (EBITDA minus all capital expenditures), arent necessarily the best metrics to use when determining how safe the payout is. Technological advancements keep changing the game many people cried we were at peak oil in the past, and many today worry about the rise of distributed power and non-renewable energy. What if access to capital tightens up, possibly forcing a dividend reduction to maintain a credit rating and keep financing the growth projects. I wrote this article myself, and it expresses my own opinions. This could imply that EPD is currently underpriced. How good is it? Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. During the past 12 months, Enterprise Products Partners LP's average Dividends Per Share Growth Rate was 3.30% per year. Its current dividend is a substantial 7.9%. Thus, when I next log into my portfolio, I have some idea of what my energy stocks are doing and why. These returns cover a period from January 1, 1988 through December 5, 2022. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Top 40%. Specifically, Enterprise reported $3.1 billion in DCF for the first three quarters of 2016, which means a DCR of 1.22. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Many energy companies have reduced or suspended their payouts during an industry downturn to preserve cash.. For 1000$ you would have purchased 43 number of shares. One of the things EPD is known for is its steady year-after-year increase in its dividend rate. Brokers and nominees should treat one hundred percent (100.0 percent) of Enterprises distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. The monthly returns are then compounded to arrive at the annual return. In general, profits from business operations can be allocated to retained earnings or paid to shareholders in the form of dividends or stock buybacks. July 28, 2021 09:00 am EDT. This means that there is a risk that when oil prices rise above $50 well see U.S. production actually start rising again which could cap the ultimate long-term price of oil, hurting the financial health of this debt-laden industry and limiting Enterprises ultimate growth potential. This distribution represents a 3.3 percent increase over the distribution declared with respect to the first quarter of 2021. By 1972 it had completed the construction of its first pipelines, and by 1973 it was starting to make acquisitions. I am not receiving compensation for it (other than from Seeking Alpha). } All rights reserved. Enterprise Products Partners L.P. Common Stock, Do Not Sell My Personal Information (CA Residents Only). Fortunately Enterprises massive scale and best-in-the-industry BBB+ credit rating means that it isnt likely to be priced out of the debt markets in the coming years. Get 30 Days of MarketBeat All Access Free. EVANSVILLE The former president of the Evansville Fraternal Order of Police said he could face a suspension from the Evansville Police Department for not enforcing what he describes as a "quota,". Enterprise Products Partners is already one of the largest infrastructure providers in these areas, where there are about $4 trillion in oil & gas (at todays prices) just waiting for U.S. shale producers to extract. Data Link's cloud-based technology platform allows you to search, discover and access data and analytics for seamless integration via cloud APIs. The one thing to remember though is that as a REIT, the dividend is not a qualified dividend. Daily market news in bullet point format. DCF covered the annual distribution payout. In other words, Enterprise Products Partners is effectively the dividend aristocrat of the MLP industry. For example, currently the Federal Reserve is forecasting interest rates rising by 2.75% through the end of 2020. As seen below, the partnerships distribution has reliably compounded by 5-6% per year over most time periods, which is in line with my best guess of 5% annual dividend growth going forward. EPD Dividend Information. I have no business relationship with any company whose stock is mentioned in this article. Jul. The trajectory of interest rates could have an impact as well. Thanks for your very useful analysis of EPD and the discussion of MLPs. Thanks for sharing that link. Over the past three years, the company's dividend has grown by an average of 2.32% per year. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. How much is Enterprise Products Partners's annual dividend? Our Dividend Growth Score answers the question, How fast is the dividend likely to grow? It considers many of the same fundamental factors as the Safety Score but places more weight on growth-centric metrics like sales and earnings growth and payout ratios. Find the latest Enterprise Products Partners L.P. (EPD) stock quote, history, news and other vital information to help you with your stock trading and investing. View source version on businesswire.com: https://www.businesswire.com/news/home/20220407006059/en/, Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745 Rick Rainey, Media Relations, (713) 381-3635, https://www.businesswire.com/news/home/20220407006059/en/, TREASURIES-Yields drop as retail sales miss expectations, BOJ keeps yield cap, EMERGING MARKETS-LatAm currencies reverse course on hawkish Fed comments, Tech layoffs were a rip the Band-Aid off moment for Microsoft: Analyst, UPDATE 1-Robinhood must face customers' lawsuit alleging it hid trading costs, Labor market: I think we can avoid a recession, strategist explains. Few companies have the capital and industry connections (e.g. EPD's current dividend yield is eight basis points higher than its own 4-year average dividend yield of about 7.45%. When is Enterprise Products Partners's next dividend payment? Returns Potential A 24% price target upside from sell-side analysts. . After all, the MLP has been steadily growing since 2004 and management has successfully navigated interest rates as high as 6.25%. If you wish to go to ZacksTrade, click OK. On a price return basis (not including dividends), the shares are down 37%. Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. Source: Enterprise Products Partners Investor Presentation. Browse our guide to find the best dividend stocks. EPD has increased the distribution 24 years in a row. All rights reserved. Enterprise Products Partners is currently trading at 13.9 times operating cash flow, which is a bit higher than its historical norm of 10.4. The annual dividend for EPD shares is A$0.01. That puts the current rig count up nearly 50% off its lows and might signal that U.S. shale producers, eager for additional cash flow to service their debts, might end up stalling the recovery at much lower prices than otherwise would have occurred. While Enterprise Products Partners may represent one of the seemingly lower risk midstream MLPs, there are still two main risks that investors need to be aware of. Visit Performance Disclosure for information about the performance numbers displayed above. And in recent months the recovery in energy prices off its January 2016 lows has resulted in a steady rise in drilling rigs. Warning Sign: If a company's dividend payout ratio is too high, its dividend may not be sustainable. houston, april 07, 2022 -- ( business wire )--enterprise products partners l.p. (nyse: epd) ("enterprise") announced today that the board of directors of its general partner declared the. A cash dividend payment of $0.45 per share is scheduled to be paid on . In seeking to achieve its objective, the Fund invests a majority of its assets in the common stocks of small- and medium-sized companies that are traded on national security exchanges, the NASDAQ stock market and on the over-the-counter market. From fiscal 2010 to 2020, it has raised its dividend from $1.80 to $3.03 per share. The dividends of EPD and MMP look much safer when you peel away the growth capital spending to come up with distributable cash flowor something closer to Joel Sterns free cash flow concept. However, it did pay its quarterly dividend of 31.25 cents per share. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. If you do not, click Cancel. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. I have no business relationship with any company whose stock is mentioned in this article. Since 1926, 40.2% of the S&P 500's total return can be attributed to dividends, according to The New York Times. Dividend articles featuring Enterprise Products (EPD): 2022-04-07 Enterprise Declares Quarterly Distribution. EPD's current dividend yield is eight basis points . oil & gas producers, regulators) to build and operator pipeline systems. We like that. In fact, just last week Baker Hughes (BHI) reported the number of rigs drilling in the U.S. rose by 20, the largest weekly increase in two years. listeners: [], on: function (event, callback) { In the S&P 500,. Dividend Yield: 5.9%. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. When was Empired's most recent ex-dividend date? Thats especially true if interest rates continue to rise, as they have sharply over the last few weeks. Comparing EPD to its pipeline competitors shows EPD behind only Energy Transfer (ET), but with their huge cash flow and management commitment to increasing distributions and buying back shares, it should be considered top tier for this group. Is Enterprise Products Partners's dividend growing? With increasing gross profit and EBITDA, I think it is safe to say, EPD's dividend is not only safe but most likely will grow over the foreseeable future. See EPD's full dividends and stock split history on the Dividend tab. Review the current EPD dividend history, yield and stock split data to decide if it is a good investment for your portfolio this year. Ratings - EPD Dividend Safety A+ 26 years of consecutive dividend increase. In the press release announcing the dividend suspension, the company said that aviation fuel sales fell 80% by the end of March, while the . Assume, you had bought 1000$ worth of shares before one year on Oct 28, 2021. Theoretically, one could argue that MMP should have a slightly better credit rating than EPD although this does not take into account such notions as the credit worthiness of the client base of each of the MLPs. With its generous investment tax credits, the Act is expected to triple U.S. solar energy production over the next 5 years. Quant Recommendation - EPD Maximize Income Goal EPD Target Yields of 7-9% Rocha was in turn suspended from his post for 90 days by Supreme Court Justice Alexandre de Moraes. For example, oil and gas prices are already up to $47.5 and $2.95, respectively. This year will be the 24th consecutive year of distribution growth. Since pipelines have high fixed costs, their profitability is sensitive to the amount of fees they charge and how much product volume they are able to move. If you understand and are comfortable with the risks involved with investing in MLPs and desire exposure to the energy sector, Enterprise Products Partners is an interesting candidate to consider as part of a well-diversified income growth portfolio. Mixed Dividend Story NLY pays a $0.88 dividend annually, which yields 9.53% at the current share price. General Electric: Another Dividend Cut Expected in 12 to 18 Months simplysafedividends.com/general-electr #dividend, Roper Technologies (ROP) simplysafedividends.com/roper-technolo #dividend. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Disciplined capital management has kept debt low relative to other pipelines and inside ownership is over 36%. Legendary Investor Shares His #1 Monthly Dividend Play, DIVIDEND ANNOUNCEMENT: Com Units/Enterprise Products Partners L.P. (NYSE: EPD) on 10-04-2022 declared a dividend of $0.4750 per share, DIVIDEND ANNOUNCEMENT: Com Units/Enterprise Products Partners L.P. (NYSE: EPD) on 07-07-2022 declared a dividend of $0.4750 per share, Master Limited Partnership (MLP) Directory, Dividend-paying Defense Investments Serve the U.S. Navy and Shareholders, Five Dividend-paying Defense Investments Fueled by Russias War, Dividend-paying Defense Stocks Rise in Race for Space, Two Dividend-paying Launch Vehicle Stocks Offer Gifts to Investors Seeking Lifts, California Do not sell my personal information. The key to Enterprises success mainly has to do with its industry-leading, conservative management team. Dividends have been an important source of returns for investors. Not sure where to start? Given managements track record, the stock appears to be reasonably priced, if not perhaps somewhat undervalued. The attorney general's office said it had . In the first quarter of 2021, the company reported net income of $1.3 billion ($0.61 per share), compared to $1.4 billion ($0.61 per share) in the same prior-year period. 2021-07-09 Enterprise Declares Quarterly Distribution. What is noticeable is the share price is down 15% from 2019 even though the dividend itself has gone up every year. Happy belated Thanksgiving to you as well! American Consumer News, LLC dba MarketBeat 2010-2023. What does Nu Holdings Stock Have To Do With Warren Buffett? Learn more about dividend stocks, including information about important dividend dates, the advantages of dividend stocks, dividend yield, and much more in our financial education center. Enterprise Products Partners dividend history, payout ratio & dates. This 20 billion barrel oil field, which also holds an estimated 16 trillion cubic feet of natural gas, is part of the larger Permian Basin, which is estimated to hold 75 billion barrels of recoverable oil. Dave Fish CCC List Canadian All-Star List Sector Industry Exchanges Suspended dividends Stock buys. AND the Best Way To Invest in Dividend Stocks, Top 20 Living Economist Dr. Mark Skousen, Quickly find stocks on the NYSE, NASDAQ and more. Our daily ratings and market update email newsletter. Keep These 3 Dividend Contenders on the 2023 Watch List, 3 Health Care Stocks Paying Reliable Dividends, 3 High-Yield Dividend Stocks to Hold for the Long Haul. Enterprise Products Partners's next quarterly dividend payment of $0.49 per share will be made to shareholders on Tuesday, February 14, 2023. To see all exchange delays and terms of use please see Barchart's disclaimer. Growth projects this distribution represents a 3.3 percent increase over the next 5 years flow... 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