DCP Midstream Partners Increases Quarterly Distribution by 1.5% to $0.66
DCP Midstream Partners, LP (NYSE: DPM) today announced that the board of directors of its general partner declared a quarterly cash distribution of $0.66 per unit for the quarter ended March 31, 2012. This represents an increase of 1.5 percent over the last quarterly distribution of $0.65 per unit paid February 14, 2011.
The quarterly cash distribution will be paid May 15, 2012, to unitholders of record at the close of business May 8, 2012. This quarterly distribution equates to $2.64 per unit on an annual basis.
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