Spectra Energy Partners Increases Quarterly Cash Distribution from $0.46 to $0.465
Spectra Energy Partners, LP (NYSE: SEP) announced that the board of directors of its general partner declared a quarterly cash distribution to unitholders of $0.465 per unit, an increase of one-half cent over the previous level of $0.46 per unit. This is the 15th consecutive quarter that Spectra Energy Partners has increased its quarterly cash distribution.
The cash distribution is payable on August 12, 2011, to unitholders of record at the close of business on August 2, 2011. This quarterly cash distribution equates to $1.86 per unit on an annual basis.
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