Western Gas Partners Declares Quarterly Cash Distribution Of $0.815 A Unit

Western Gas Partners, LP

revealed that its board of directors declared a quarterly cash distribution of $0.815 a unit for the first quarter. According to the company, this distribution represented a 2% increase over the prior quarter and a 12% increase from the first quarter of 2015. The company indicated that the distribution would be payable on May 13 to unitholders. The company has fixed the record of May 2 to determine the eligible shareholders for paying the dividend . Western Gas Equity Partners also disclosed that its board of directors declared a quarterly cash distribution of $0.42375 a unit for the first quarter. This distribution represented a 5% increase from the prior quarter and a 24% increase from the year-ago quarter. The distribution would be payable on May 22, 2016, to the unitholders. The company has also fixed May 2 as the record date for the purpose of deciding the eligible unitholders. The company indicated that it would report its first-quarter results on May 3 after the market closes. However, the management would host a conference call the next day, May 4 at 11 a.m. CDT (12 p.m. EDT) to discuss quarterly results. The company said that the full text of the release announcing the results would be available on the Partnerships' website at www.westerngas.com. Shared of the company traded 0.28% down on Friday.