Enterprise Products Partners L.P.
EPD26 yrs growthEnergy · Stock · quarterly payer
Forward Yield
5.80%
Annual Dividend
$2.21
Payout Ratio
76%
5-Yr Growth
3.9%
Ex-Date
Jul 31, 2026
Frequency
Quarterly
Summary
As of August 2026, Enterprise Products Partners L.P. (EPD) yields 5.80% ($2.21 per share annually), with a blended fair-value estimate of $48.81 — +28% upside, so it screens as undervalued. Dividend safety grade: A (89/100). 26 years of dividend growth.
Is EPD a good dividend stock?
YesEnterprise Products Partners L.P. (EPD) pays a quarterly dividend yielding 5.80% ($2.21/yr), with 26 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 26 consecutive years of growth
- Never cut its dividend on record
- 70% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 5.80%
- Payout Ratio
- 76%
- Annual Dividend
- $2.21
- 5-Yr Avg Growth
- 3.9%
- Ex-Dividend Date
- Jul 31, 2026
- Years of Growth
- 26
- Frequency
- quarterly
- Beta
- 0.48
- Market Cap
- $81.7B
- P/E Ratio
- 13.2
- 5-Yr Total Return
- 70%
- 52-Week Range
- $30.01 – $40.17
- Dividend Safety
- A · 89/100
- Ever Cut?
- No
Frequently Asked Questions
EPD Price — Last 12 Months
Daily close
Price Return
1 Year
+17%
3 Years
+42%
5 Years
+70%
52-Week Range
$30.01 – $40.17
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is EPD worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Enterprise Products Partners L.P. is $48.81 per share, versus a market price of $38.05. That implies 28% of upside — a margin of safety of about 22%.
Fair Value
$48.81
Current Price
$38.05
Upside
+28%
Margin of Safety
22%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 10.5% annual free-cash-flow growth. We model 7.6% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 7.6% stage-1 growth, 2.5% terminal growth, $2.89 EPS, $2.21 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
EPD Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 31, 2026 | — | $0.5600 | regular |
| Apr 30, 2026 | — | $0.5500 | regular |
| Jan 30, 2026 | — | $0.5500 | regular |
| Oct 31, 2025 | — | $0.5450 | regular |
| Jul 31, 2025 | — | $0.5450 | regular |
| Apr 30, 2025 | — | $0.5350 | regular |
| Jan 31, 2025 | — | $0.5350 | regular |
| Oct 31, 2024 | — | $0.5250 | regular |
| Jul 31, 2024 | — | $0.5250 | regular |
| Apr 29, 2024 | — | $0.5150 | regular |
| Jan 30, 2024 | — | $0.5150 | regular |
| Oct 30, 2023 | — | $0.5000 | regular |
| Jul 28, 2023 | — | $0.5000 | regular |
| Apr 27, 2023 | — | $0.4900 | regular |
Income Calculator
At $2.21 / yr per share
