Enterprise Products Partners L.P.
EPD26 yrs growthEnergy · Oil & Gas Midstream · Stock · quarterly payer
Forward Yield
5.89%
Annual Dividend
$2.24
Payout Ratio
76%
5-Yr Growth
3.9%
Ex-Date
Oct 30, 2026
Frequency
Quarterly
Key facts about EPD's dividend
Data as of · Source: SmarterDividends data
- As of Oct 30, 2026, Enterprise Products Partners L.P. (EPD) has a forward dividend yield of 5.89%, based on an annual dividend of $2.24 per share and a share price of $39.05.
- As of Oct 30, 2026, EPD's dividend safety grade from SmarterDividends is A (89 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Enterprise Products Partners L.P. (EPD) has raised its dividend for 26 consecutive years as of Oct 30, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
- EPD has never cut its regular dividend in the payment history SmarterDividends has on record.
- EPD's next ex-dividend date is Oct 30, 2026, with payment on Nov 13, 2026. Shares must be owned before that date to receive the dividend.
- As of Oct 30, 2026, EPD pays out 76% of its trailing 12-month earnings as dividends (its payout ratio).
- EPD's dividend has grown at an average rate of 3.9% a year over the past five years.
- As of Oct 30, 2026, EPD's 5.89% yield is 20% below its five-year average yield of 7.40%.
- As of Oct 30, 2026, SmarterDividends' blended fair-value estimate for EPD is $47.69 per share, 22% above the $39.05 share price, so EPD screens as undervalued.
- Enterprise Products Partners L.P. (EPD) pays its dividend quarterly, 4 times a year.
- Enterprise Products Partners L.P. (EPD) has raised its regular dividend 82 times and cut it 0 times across the 112 payments on record since 1998. Its most recent change was a 1.8% increase to $0.560 per share, going ex-dividend on Jul 31, 2026.
Cite this page
SmarterDividends, "EPD Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 30, 2026, https://smarterdividends.com/stocks/EPD
Summary
As of Oct 30, 2026, Enterprise Products Partners L.P. (EPD) yields 5.89% ($2.24 a year per share), has a dividend safety grade of A (89/100) and has 26 consecutive years of dividend increases on record.
Is EPD a good dividend stock?
YesEnterprise Products Partners L.P. (EPD) pays a quarterly dividend yielding 5.89% ($2.24/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
- 73% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 5.89%
- Payout Ratio
- 76%
- Annual Dividend
- $2.24
- 5-Yr Avg Growth
- 3.9%
- Ex-Dividend Date
- Oct 30, 2026
- Years of Growth
- 26
- Frequency
- quarterly
- Beta
- 0.48
- Market Cap
- $84.3B
- P/E Ratio
- 13.6
- 5-Yr Total Return
- 73%
- 52-Week Range
- $30.02 – $40.17
- Dividend Safety
- A · 89/100
- Ever Cut?
- No
EPD dividend raises and cuts
Enterprise Products Partners L.P. (EPD) has raised its regular dividend 82 times and cut it 0 times across the 112 payments on record since 1998. Its most recent change was a 1.8% increase to $0.560 per share, going ex-dividend on Jul 31, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jul 31, 2026 | Raise | $0.550 → $0.560 | +1.8% |
| Jan 30, 2026 | Raise | $0.545 → $0.550 | +0.9% |
| Jul 31, 2025 | Raise | $0.535 → $0.545 | +1.9% |
| Jan 31, 2025 | Raise | $0.525 → $0.535 | +1.9% |
| Jul 31, 2024 | Raise | $0.515 → $0.525 | +1.9% |
| Jan 30, 2024 | Raise | $0.500 → $0.515 | +3.0% |
| Jul 28, 2023 | Raise | $0.490 → $0.500 | +2.0% |
| Jan 30, 2023 | Raise | $0.475 → $0.490 | +3.2% |
| Jul 28, 2022 | Raise | $0.465 → $0.475 | +2.2% |
| Jan 28, 2022 | Raise | $0.450 → $0.465 | +3.3% |
| Jan 28, 2021 | Raise | $0.445 → $0.450 | +1.1% |
| Jan 30, 2020 | Raise | $0.443 → $0.445 | +0.5% |
Show all 82 changes since 2000
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Oct 30, 2019 | Raise | $0.440 → $0.443 | +0.7% |
| Jul 30, 2019 | Raise | $0.438 → $0.440 | +0.5% |
| Apr 29, 2019 | Raise | $0.435 → $0.438 | +0.7% |
| Jan 30, 2019 | Raise | $0.433 → $0.435 | +0.5% |
| Oct 30, 2018 | Raise | $0.430 → $0.433 | +0.7% |
| Jul 30, 2018 | Raise | $0.428 → $0.430 | +0.5% |
| Apr 27, 2018 | Raise | $0.425 → $0.428 | +0.7% |
| Jan 30, 2018 | Raise | $0.423 → $0.425 | +0.5% |
| Oct 30, 2017 | Raise | $0.420 → $0.423 | +0.7% |
| Jul 27, 2017 | Raise | $0.415 → $0.420 | +1.2% |
| Apr 26, 2017 | Raise | $0.410 → $0.415 | +1.2% |
| Jan 27, 2017 | Raise | $0.405 → $0.410 | +1.2% |
| Oct 27, 2016 | Raise | $0.400 → $0.405 | +1.3% |
| Jul 27, 2016 | Raise | $0.395 → $0.400 | +1.3% |
| Apr 27, 2016 | Raise | $0.390 → $0.395 | +1.3% |
| Jan 27, 2016 | Raise | $0.385 → $0.390 | +1.3% |
| Oct 28, 2015 | Raise | $0.380 → $0.385 | +1.3% |
| Jul 29, 2015 | Raise | $0.375 → $0.380 | +1.3% |
| Apr 28, 2015 | Raise | $0.370 → $0.375 | +1.4% |
| Jan 28, 2015 | Raise | $0.365 → $0.370 | +1.4% |
| Oct 29, 2014 | Raise | $0.360 → $0.365 | +1.4% |
| Jul 29, 2014 | Raise | $0.355 → $0.360 | +1.4% |
| Apr 28, 2014 | Raise | $0.350 → $0.355 | +1.4% |
| Jan 29, 2014 | Raise | $0.345 → $0.350 | +1.4% |
| Oct 29, 2013 | Raise | $0.340 → $0.345 | +1.5% |
| Jul 29, 2013 | Raise | $0.335 → $0.340 | +1.5% |
| Apr 26, 2013 | Raise | $0.330 → $0.335 | +1.5% |
| Jan 29, 2013 | Raise | $0.325 → $0.330 | +1.5% |
| Oct 31, 2012 | Raise | $0.318 → $0.325 | +2.4% |
| Jul 27, 2012 | Raise | $0.314 → $0.318 | +1.1% |
| Apr 26, 2012 | Raise | $0.310 → $0.314 | +1.3% |
| Jan 27, 2012 | Raise | $0.307 → $0.310 | +1.1% |
| Oct 27, 2011 | Raise | $0.303 → $0.307 | +1.3% |
| Jul 27, 2011 | Raise | $0.299 → $0.303 | +1.2% |
| Apr 27, 2011 | Raise | $0.295 → $0.299 | +1.4% |
| Jan 27, 2011 | Raise | $0.292 → $0.295 | +1.2% |
| Oct 27, 2010 | Raise | $0.288 → $0.292 | +1.4% |
| Jul 28, 2010 | Raise | $0.284 → $0.288 | +1.2% |
| Apr 28, 2010 | Raise | $0.280 → $0.284 | +1.4% |
| Jan 27, 2010 | Raise | $0.277 → $0.280 | +1.3% |
| Oct 28, 2009 | Raise | $0.273 → $0.277 | +1.5% |
| Jul 29, 2009 | Raise | $0.269 → $0.273 | +1.3% |
| Apr 28, 2009 | Raise | $0.265 → $0.269 | +1.5% |
| Jan 28, 2009 | Raise | $0.262 → $0.265 | +1.3% |
| Oct 29, 2008 | Raise | $0.258 → $0.262 | +1.6% |
| Jul 29, 2008 | Raise | $0.254 → $0.258 | +1.4% |
| Apr 28, 2008 | Raise | $0.250 → $0.254 | +1.6% |
| Jan 29, 2008 | Raise | $0.245 → $0.250 | +2.0% |
| Oct 29, 2007 | Raise | $0.242 → $0.245 | +1.4% |
| Jul 27, 2007 | Raise | $0.238 → $0.242 | +1.7% |
| Apr 26, 2007 | Raise | $0.234 → $0.238 | +1.5% |
| Jan 29, 2007 | Raise | $0.230 → $0.234 | +1.7% |
| Oct 27, 2006 | Raise | $0.227 → $0.230 | +1.5% |
| Jul 27, 2006 | Raise | $0.223 → $0.227 | +1.8% |
| Apr 26, 2006 | Raise | $0.219 → $0.223 | +1.6% |
| Jan 27, 2006 | Raise | $0.215 → $0.219 | +1.9% |
| Oct 27, 2005 | Raise | $0.210 → $0.215 | +2.4% |
| Jul 27, 2005 | Raise | $0.205 → $0.210 | +2.4% |
| Apr 27, 2005 | Raise | $0.200 → $0.205 | +2.5% |
| Jan 27, 2005 | Raise | $0.198 → $0.200 | +1.3% |
| Oct 27, 2004 | Raise | $0.187 → $0.198 | +5.9% |
| Oct 29, 2003 | Raise | $0.182 → $0.187 | +2.8% |
| Apr 28, 2003 | Raise | $0.173 → $0.182 | +5.2% |
| Oct 29, 2002 | Raise | $0.168 → $0.173 | +3.0% |
| Apr 26, 2002 | Raise | $0.156 → $0.168 | +7.2% |
| Oct 29, 2001 | Raise | $0.147 → $0.156 | +6.3% |
| Jul 27, 2001 | Raise | $0.138 → $0.147 | +6.9% |
| Jan 29, 2001 | Raise | $0.131 → $0.138 | +4.8% |
| Jul 27, 2000 | Raise | $0.125 → $0.131 | +5.0% |
| Jan 27, 2000 | Raise | $0.113 → $0.125 | +11.1% |
Frequently Asked Questions
Is EPD a good dividend stock?
Yes. Enterprise Products Partners L.P. (EPD) pays a quarterly dividend yielding 5.89% ($2.24/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.
Is EPD undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, EPD's fair value is about $47.69 versus a $39.05 share price — so it looks undervalued (+22% vs. fair value).
Is EPD's dividend safe?
EPD has a dividend-safety grade of A (89/100), based on its payout coverage, free-cash-flow, 26-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is EPD's fair value?
Our blended fair-value estimate for EPD is about $47.69 per share, roughly 22% above the current $39.05 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is EPD a buy, hold, or sell?
We don't issue formal ratings, but on the data EPD screens as "yes" and undervalued. Enterprise Products Partners L.P. (EPD) pays a quarterly dividend yielding 5.89% ($2.24/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. This is research for your own analysis, not investment advice.
Will EPD cut its dividend?
EPD earns a dividend-safety grade of A (89/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does EPD pay a dividend?
Yes. Enterprise Products Partners L.P. pays a quarterly dividend of about $2.24 per share annually, a forward yield of roughly 5.89%.
What is EPD's dividend yield?
As of Oct 30, 2026, EPD's forward dividend yield is 5.89%, based on a $2.24 annual dividend and a $39.05 share price.
What is EPD's dividend per share?
As of Oct 30, 2026, EPD pays $2.24 per share per year, distributed on a quarterly basis.
What is EPD's dividend payout ratio?
As of Oct 30, 2026, EPD's payout ratio is 76% of trailing 12-month earnings — a moderate level that's generally sustainable.
How many years has EPD grown its dividend?
As of Oct 30, 2026, EPD has increased its dividend for 26 consecutive years.
When is the next EPD ex-dividend date?
As of Oct 30, 2026, the next ex-dividend date on record for EPD is Oct 30, 2026.
EPD Price — Last 12 Months
Daily close
Price Return
1 Year
+13%
3 Years
+38%
5 Years
+73%
52-Week Range
$30.02 – $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 $47.69 per share, versus a market price of $39.05. That implies 22% of upside — a margin of safety of about 18%.
Fair Value
$47.69
Current Price
$39.05
Upside
+22%
Margin of Safety
18%
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 11.7% annual free-cash-flow growth. We model 8.6% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 8.6% growth for five years fading to 2.5% over the next five, $2.88 EPS, $2.24 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
Full EPD dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 31, 2026 | Aug 14, 2026 | $0.5600 | regular |
| Apr 30, 2026 | May 14, 2026 | $0.5500 | regular |
| Jan 30, 2026 | Feb 13, 2026 | $0.5500 | regular |
| Oct 31, 2025 | Nov 14, 2025 | $0.5450 | regular |
| Jul 31, 2025 | Aug 14, 2025 | $0.5450 | regular |
| Apr 30, 2025 | May 14, 2025 | $0.5350 | regular |
| Jan 31, 2025 | Feb 14, 2025 | $0.5350 | regular |
| Oct 31, 2024 | Nov 14, 2024 | $0.5250 | regular |
| Jul 31, 2024 | Aug 14, 2024 | $0.5250 | regular |
| Apr 29, 2024 | May 14, 2024 | $0.5150 | regular |
| Jan 30, 2024 | Feb 14, 2024 | $0.5150 | regular |
| Oct 30, 2023 | Nov 14, 2023 | $0.5000 | regular |
| Jul 28, 2023 | Aug 14, 2023 | $0.5000 | regular |
| Apr 27, 2023 | May 12, 2023 | $0.4900 | regular |
Income Calculator
At $2.24 / yr per share
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