Spectra Energy Partners Increases Dividend to $0.49 from $0.485
Spectra Energy Partners, LP (NYSE: SEP) announced that the board of directors of its general partner declared a quarterly cash distribution to unitholders of $0.49 per unit, an increase of one-half cent over the previous level of $0.485 per unit. This is the 20th consecutive quarter that Spectra Energy Partners has increased its quarterly cash distribution. The cash distribution is payable on November 14, 2012, to unitholders of record at the close of business on November 6, 2012. This quarterly cash distribution equates to $1.96 per unit on an annual basis.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.