DCP Midstream (DPM) Declares $2.44 Quarterly Dividend; 6.9% Yield
DCP Midstream Partners, LP (NYSE: DPM) today announced that the board of directors of its general partner declared a quarterly cash distribution of $0.61 per unit for the quarter ended June 30, 2010. This represents an increase of 1.7% over the last quarterly distribution of $0.60 per unit paid on May 14, 2010.
The annualized rate if $2.44.
The quarterly cash distribution will be paid on August 13, 2010, to unitholders of record at the close of business on August 6, 2010. The ex-dividend date is August 4, 2010.
Yield on the distribution is 6.9%.... Read more
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