Summary
Energy Transfer Equity, L.P. (ETE) announced on April 23, 2014, a significant increase in its cash distribution for the quarter ended March 31, 2014. The Board of Directors approved a distribution of $0.35875 per ETE common unit, which annualizes to $1.435 per unit. This decision reflects the company's confidence in its financial performance and its commitment to returning value to its unitholders. The distribution is scheduled to be paid on May 19, 2014, to unitholders of record as of the close of business on May 5, 2014. This filing, primarily under Regulation FD Disclosure and Other Events, ensures timely and transparent communication with investors regarding financial distributions.
Key Highlights
- 1Approved quarterly cash distribution of $0.35875 per ETE common unit for the quarter ended March 31, 2014.
- 2Annualized cash distribution rate increased to $1.435 per unit.
- 3Distribution payment date set for May 19, 2014.
- 4Record date for distribution set for May 5, 2014.
- 5The announcement was made via press release on April 23, 2014.
- 6Information furnished under Regulation FD is not deemed 'filed' under Section 18 of the Exchange Act.
Frequently Asked Questions
The main announcement is the approval of an increased quarterly cash distribution of $0.35875 per Energy Transfer Equity, L.P. (ETE) common unit for the quarter ended March 31, 2014.
The distribution will be paid on May 19, 2014.
Unitholders of record as of the close of business on May 5, 2014, are eligible to receive the distribution.
The annualized distribution rate is $1.435 per ETE common unit.