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Article: PAA Declares Increased Distribution on Limited Partner Units.
- Article from:
- Energy Weekly News
- Article date:
- November 6, 2009
CopyrightCOPYRIGHT 2009 NewsRX. 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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Plains All American Pipeline, L.P. (NYSE:PAA) announced a cash distribution of $0.92 per unit ($3.68 per unit on an annualized basis) on all of its outstanding limited partner units. The distribution will be payable on November 13, 2009, to holders of record of such units at the close of business on November 3, 2009. The distribution represents an increase of approximately 3.1% over the quarterly distribution of $0.8925 per unit paid in November 2008 and an increase of approximately 1.7% from the August 2009 distribution of $0.905 per unit.
Plains All American Pipeline, L.P. is a publicly traded master limited partnership engaged in the ...
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