DCP Midstream Partners Declares Increase in Quarterly Distribution
Thu. July 24, 2008; Posted: 05:01 PM
DENVER, July 24, 2008 /PRNewswire-FirstCall via COMTEX/ --
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PowerRating -- DCP Midstream Partners, LP
(NYSE:
DPM |
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PowerRating) today announced that the board of directors of its general partner
declared a quarterly cash distribution of $0.60 per unit for the quarter ended
June 30, 2008. This represents an increase of 1.7 percent over the last
quarterly distribution of $0.59 per unit paid on May 15, 2008, and a 13.2
percent increase over the quarterly distribution paid for the second quarter
of 2007 of $0.53 per unit. The quarterly cash distribution will be paid on
Aug. 14, 2008, to unitholders of record at the close of business on Aug. 7,
2008. This quarterly distribution equates to $2.40 per unit on an annual
basis.
DCP Midstream Partners, LP (NYSE: DPM | Quote | Chart | News | PowerRating) is a midstream master limited
partnership that gathers, processes, transports and markets natural gas,
transports and markets natural gas liquids, and is a leading wholesale
distributor of propane. DCP Midstream Partners, LP is managed by its general
partner, DCP Midstream GP, LLC, which is wholly owned by DCP Midstream, LLC, a
joint venture between Spectra Energy and ConocoPhillips. For more
information, visit the DCP Midstream Partners, LP Web site at
http://www.dcppartners.com.
SOURCE DCP Midstream Partners, LP
http://www.dcppartners.com
For full details on DCP Midstream Partners LP (DPM)
click here. DCP Midstream Partners LP (DPM) has Short Term PowerRatings of 5. Details on DCP Midstream Partners LP (DPM) Short Term PowerRatings is available at
This Link.
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