Enterprise Products Partners LP (EPD)

[chessmaster315]

Yes. Ex dividend date is July 29, and the dividend will be 45 cents.

EPD often posts "the dividend" before they post earnings.

EPD earnings will be posted July 27. Estimates range between 44 cents to 53 cents, with a consensus of 49.9 cents per share.

"Somebody" posted that EPD wont be able to maintain their 22 year span of dividend increases, as they pointed out one quarter had dividends more than earnings. While this was true, it was only one quarter, at the height of the pandemic covid 19.

But, if you reaad the president (of EPD) report, EPD "bought up" some of that real cheap oil, as they had storage for it when the price went ridiculiously low for a short period, in April, 2020.

EPD could easily then pay a 45 cent dividend when the earnings were only 40 cents or less, because they were sitting on a whole bunch of oil in their tanks they bought for darned near nothing, and were waiting for the price rebound to maximize their gain.

That is, They didnt "really" lose money that quarter, they made money, but the profits were sitting in giant oil tanks.

THE BIG DEAL, tho, is that EPD shares are owned (about 1/3) by employees. So, they want the shares to go up, and dividends, just like we do!

Unlike many employees, these employees "have a dog in the fight" on earnings, dividends, and pps.

Many of these EPD execs "have their own retirement" in EPD shares.
And, they are not selling.