Summary
Energy Transfer Equity, L.P. (ETE) announced on July 24, 2014, a significant decision by its Board of Directors: the approval of an increased cash distribution for its common unitholders. This move reflects the company's positive outlook and commitment to returning capital to its investors. The increased distribution is a key indicator of the company's financial performance and its confidence in future cash flows. Specifically, the Board approved a quarterly cash distribution of $0.38 per unit, which annualizes to $1.52 per unit. This distribution pertains to the quarter ended June 30, 2014, and will be paid on August 19, 2014, to unitholders of record as of August 4, 2014. This increase in distributions is a notable event for ETE unitholders, signaling potential financial strength and a focus on investor returns.
Key Highlights
- 1Energy Transfer Equity, L.P. (ETE) Board of Directors approved an increased cash distribution.
- 2The approved quarterly distribution is $0.38 per ETE common unit.
- 3The annualized distribution rate is $1.52 per ETE common unit.
- 4The distribution is for the quarter ended June 30, 2014.
- 5The distribution payment date is August 19, 2014.
- 6The record date for the distribution is August 4, 2014.
- 7The announcement was made via a press release filed as Exhibit 99.1 to the 8-K.