Enterprise Products Partners (NYSE:EPD) declared an increase in the quarterly cash distribution paid to partners to $0.42 per common unit, or $1.68 per unit on an annualized basis. The quarterly distribution will be paid on Monday, August 7, 2017, to unitholders of record as of the close of business on Monday, July 31, 2017. This distribution, which represents a 5.0 percent increase over the distribution declared with respect to the second quarter of 2016, is the 61st distribution increase since Enterprise's initial public offering in 1998 and the 52nd consecutive quarterly increase.
Bank of the Ozarks (OZRK) has approved a regular quarterly cash dividend of $0.18 per common share payable July 21, 2017 to shareholders of record as of July 14, 2017. The dividend of $0.18 per common share represents an increase of $0.005 per common share, or 2.86%, over the dividend paid in the previous quarter.
TEP's general partner declared a quarterly cash distribution of $0.925 per common unit for the second quarter of 2017, or $3.70 on an annualized basis. This represents a sequential increase of 10.8 percent from the first quarter 2017 distribution of $0.835 per common unit and an increase of 22.5 percent from the second quarter 2016 distribution of $0.755 per common unit.
TEGP's general partner declared a quarterly cash distribution of $0.3425 per Class A share for the second quarter of 2017, or $1.37 on an annualized basis. This represents a 19.1 percent sequential increase from the first quarter 2017 distribution of $0.2875 per Class A share and an increase of 39.8 percent from the second quarter 2016 distribution of $0.245 per Class A share.
Highway Holdings (NASDAQ:HIHO) has declared a cash dividend of $0.10 per share on the company's common stock. The dividend will be paid on August 18, 2017 to shareholders of record on July 28, 2017.
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