News Column

Energy Transfer Equity Announces Seventh Consecutive Quarterly Cash Distribution Increase

August 8, 2014



By a News Reporter-Staff News Editor at Energy Weekly News -- Energy Transfer Equity, L.P. (NYSE: ETE) announced that its Board of Directors has approved a $0.02125 increase in its quarterly cash distribution to $0.38 per ETE common unit for the second quarter ended June 30, 2014, or $1.52 per unit on an annualized basis.

Adjusting for the ETE unit split completed in January 2014, the quarterly distribution of $0.38 per ETE common unit represents a unit distribution increase of 16% on an annualized basis compared to the second quarter of 2013. This also represents an annualized distribution increase of $0.085 per common unit, or 5.9%, compared to the first quarter of 2014 and marks the seventh consecutive quarter that ETE has raised its distribution. The cash distribution will be paid on August 19, 2014 to unitholders of record as of the close of business on August 4, 2014.

Keywords for this news article include: Energy Companies, Investment and Finance, Energy Transfer Equity L.P..

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Source: Energy Weekly News


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