DCP Midstream Partners Announces Quarterly Distribution
DCP Midstream Partners, LP (DPM) announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.78 per common unit for the quarter ended March 31, 2015, or $3.12 per unit on an annualized basis. This distribution remains unchanged from the previous quarter and reflects the current industry environment and the partnership’s approach to sustainable ongoing distributions. This represents an increase of 4.7 percent over the $0.745 per unit distribution paid with respect to the first quarter of 2014. This quarterly cash distribution will be paid May 15, 2015, to unitholders of record at the close of business on May 8, 2015.