Wednesday, April 25, 2012

Kinder Morgan Energy Partners increases quarterly distribution to $1.20 per unit

HOUSTON, Texas - Kinder Morgan Energy Partners, L.P. (NYSE: KMP) on April 18 increased its quarterly cash distribution per common unit to $1.20 ($4.80 annualized) payable on May 15 to unitholders of record as of April 30.

This represents a five percent increase over the first quarter 2011 cash distribution per unit of $1.14 ($4.56 annualized) and is up from $1.16 per unit ($4.64 annualized) for the fourth quarter of 2011. KMP has increased the distribution 43 times since current management took over in February of 1997.

No comments:

Post a Comment