AMLP, ENFR Announce Q2 Distributions

The Alerian MLP ETF (AMLP) increased its second-quarter distribution to $1.03 per share, a 2.0% rise from the prior quarter and a 5.1% increase from the year earlier period. The Alerian Energy Infrastructure ETF (ENFR) declared a Q2 distribution of $0.38618 per share, down 1.5% sequentially and up 2.5% versus the prior year. Both funds announced the distributions on Wednesday; payments are scheduled for May 18 to shareholders of record as of May 13.

AMLP tracks the Alerian MLP Infrastructure Index (AMZI), which yielded 6.9% as of May 12. ENFR tracks the Alerian Midstream Energy Select Index (AMEI), which yielded 4.7% as of May 12. ENFR’s index includes C-corporations and the fund is the lowest-fee option in the midstream ETF group.

At the constituent level within AMZI, six names increased their payouts sequentially, led by Sunoco with a 6.25% quarter-over-quarter raise. By weighting, more than 89% of AMZI constituents increased distributions compared with the same period a year earlier.

Within AMEI, 24 of 26 names announced payouts for the period. Eight companies increased dividends, 14 maintained existing payouts, and two were not paying a dividend. More than 91% of AMEI constituents increased distributions year over year.

Fund-level yields and the constituent reports reflect the most recent distribution data for the two indexes as of May 12. Market participants who hold shares by the May 13 record date will receive the May 18 payments from each ETF.