Enterprise GP Boosts 3Q Cash Distribution Rate

Stock quotes in this article: EPE  

HOUSTON (AP) — Enterprise GP Holdings LP, a holding company for energy-sector services companies, on Thursday increased its quarterly cash distribution rate 13.2 percent.

The Houston-based company raised its third-quarter distribution to 51.5 cents per unit from 45.5 cents per unit during the same period last year.

The cash distribution will be paid Nov. 6 to unitholders of record on Oct. 30.

The company plans to report third-quarter earnings Nov. 9.

Shares of the company rose 22 cents to $31.92 in afternoon trading.

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