Summary
This Form 8-K filing from Energy Transfer Equity, L.P. (now Energy Transfer LP) primarily serves as a disclosure regarding the approval and declaration of a quarterly cash distribution. The Board of Directors authorized a distribution of $0.54 per common unit for the quarter ending March 31, 2010. This action indicates a commitment to returning capital to unitholders and reflects the company's operational performance during that period. Investors interested in Energy Transfer Equity should note the ex-dividend and payment dates for this distribution, which are crucial for understanding when unitholders will receive the declared cash payout. The filing, including the attached press release, provides specific details on these dates, allowing investors to assess the timing of their capital returns.
Key Highlights
- 1Energy Transfer Equity's Board of Directors approved a cash distribution for the quarter ended March 31, 2010.
- 2The approved distribution amount is $0.54 per common unit.
- 3This translates to an annualized distribution of $2.16 per common unit.
- 4The distribution is scheduled to be paid on May 19, 2010.
- 5Unitholders of record as of the close of business on May 7, 2010, will receive the distribution.
- 6The filing includes a press release dated April 27, 2010, detailing this distribution.
- 7The information is furnished under Regulation FD and not deemed filed for Section 18 purposes.