HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE:EPD - News) today announced that the board of directors of its general partner declared an increase in the quarterly cash distribution rate paid to partners to $0.56 per common unit, or $2.24 per unit on an annualized basis. The quarterly distribution will be paid on Thursday, February 4, 2010, to unitholders of record as of the close of business on Friday, January 29, 2010. This distribution rate, which represents a 5.7 percent increase over the $0.53 per unit distribution rate declared with respect to the fourth quarter of 2008, is the 31^st distribution increase since Enterprise’s initial public offering in 1998 and the 22^nd consecutive quarterly increase.