DCP Midstream Partners Declares Increase in Quarterly Distribution
DENVER--(BUSINESS WIRE)-- DCP Midstream Partners LP (NYSE: DPM) today announced that the board of directors of its general partner declared a quarterly cash distribution of $0.6325 per unit for the quarter ended June 30, 2011. This represents an increase of 1.2 percent over the last quarterly distribution of $0.6250 per unit paid May 13, 2011. The quarterly cash distribution will be paid Aug. 12, 2011, to unitholders of record at the close of business Aug. 5, 2011. This quarterly distribution equates to $2.53 per unit on an annual basis.
DCP Midstream Partners, LP (NYSE: DPM) is a midstream master limited partnership that gathers, treats, 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 website at http://www.dcppartners.com.
Source: DCP Midstream Partners
DCP Midstream Partners
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