Enterprise Products Partners announced on January 10, 2025, that its general partner's board of directors declared a quarterly cash distribution of $0.535 per common unit for the fourth quarter of 2024. This distribution, payable on February 14, 2025, represents a 3.9 percent increase compared to the distribution declared for the fourth quarter of 2023.
The partnership also reported repurchasing $63 million of its common units in the open market during the fourth quarter of 2024. This brings the total common unit repurchases for the full year 2024 to $219 million.
Inclusive of these purchases, Enterprise has utilized approximately 57 percent of its authorized $2.0 billion buyback program. These actions demonstrate the company's consistent strategy of returning capital to unitholders through both distributions and share repurchases.
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