Duncan Energy Increases Quarterly Cash Distribution
Apr 14, 2011
Duncan Energy Partners (NYSE:DEP) announced its board of directors had declared an increase in the quarterly cash distribution rate paid to partners to $0.4575 per common unit, or $1.83 per unit on an annualized basis.
The quarterly distribution will be paid on Friday, May 6, 2011, to unit holders of record at the close of business on Friday, April 29, 2011.
The distribution is 2.2% increase from Q1 of 2010 and is the 10th consecutive quarterly distribution increase.
The stock is up 22.62% over the last 3 months.
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