Summary
Energy Transfer Equity, L.P. (ETE), filed an 8-K on January 26, 2015, primarily to disclose a positive development regarding its cash distributions. The company's Board of Directors approved an increase in the quarterly cash distribution to $0.45 per common unit for the period ending December 31, 2014. This translates to an annualized distribution of $1.80 per unit, signaling a commitment to returning capital to unitholders. The announcement, made via press release furnished as an exhibit to the 8-K, also detailed the payment date for this increased distribution as February 19, 2015, with a record date of February 6, 2015. Investors should note that this information was furnished, not filed, under Regulation FD, meaning it's for disclosure purposes and not subject to the same liability provisions as filed information.
Key Highlights
- 1Approval of increased quarterly cash distribution to $0.45 per ETE common unit for the quarter ended December 31, 2014.
- 2Annualized distribution rate increased to $1.80 per unit.
- 3Distribution payment date set for February 19, 2015.
- 4Record date for the distribution is February 6, 2015.
- 5The announcement was made via a press release furnished under Regulation FD.
- 6Company demonstrates a commitment to unitholder returns through distribution increases.