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TC PipeLines, LP Increases Second Quarter Cash Distribution And Schedules Earnings Teleconference and Webcast.
- Article from:
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Canadian Corporate News
- Article date:
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July 22, 2008
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Copyright informationCOPYRIGHT 2008 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALGARY, ALBERTA, Jul 22, 2008 (Marketwire via COMTEX) -- TC PipeLines, LP (the Partnership) (NASDAQ:TCLP) today announced the board of directors of TC PipeLines GP, Inc., its general partner, has declared the Partnership's second quarter 2008 cash distribution in the amount of US$0.705 per unit. This cash distribution represents a 7.6 per cent increase from the second quarter 2007 distribution of $0.655 per unit.
Since January 1, 2007, the Partnership's annualized cash distribution has increased from $2.40 per unit to $2.82 per unit with this announcement.
This cash distribution is the 37th consecutive quarterly distribution paid by the Partnership and represents the ...
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