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Dominion Energy Midstream Declares Quarterly Cash Distribution; Increases Distribution by 5 Percent Above First-Quarter Distribution

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Dominion Energy Midstream Declares Quarterly Cash Distribution; Increases Distribution by 5 Percent Above First-Quarter Distribution

PR Newswire

RICHMOND, Va., July 25, 2018 /PRNewswire/ -- The board of directors of Dominion Energy Midstream GP, LLC, the general partner of Dominion Energy Midstream Partners, LP (NYSE:DM), has declared a second-quarter 2018 cash distribution of $0.3510 per common unit – an increase of 5 percent above the first-quarter 2018 distribution – which corresponds to an annualized distribution rate of about $1.40 per unit.

Dominion Energy Midstream is a Delaware limited partnership formed by Dominion Energy, Inc., to grow a portfolio of natural gas terminaling, processing, storage, transportation and related assets.  It is headquartered in Richmond, Va. (PRNewsfoto/Dominion Energy Midstream Partne)

Distributions are payable on Aug. 15, 2018, to unitholders of record at the close of business Aug. 6, 2018.

The partnership's last quarterly distribution was declared April 20, 2018.

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). All of Dominion Energy Midstream's distributions to foreign investors should be treated by brokers and nominees as being attributable to income that is effectively connected with a United States trade or business. Accordingly, the partnership's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate.

Dominion Energy Midstream is a Delaware limited partnership formed by Dominion Energy, Inc., to grow a portfolio of natural gas terminaling, processing, storage, transportation and related assets.  It is headquartered in Richmond, Va. For more information about Dominion Energy Midstream, visit its website at www.dominionenergymidstream.com.

 

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SOURCE Dominion Energy Midstream Partners

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