Summary
Energy Transfer Equity, L.P. (ETE) announced a significant increase in its quarterly cash distribution to unitholders. The Board of Directors approved a distribution of $0.53 per unit on a pre-split basis ($0.265 per ETE common unit on a post-split basis) for the quarter ended June 30, 2015. This represents an annualized distribution of $2.12 per unit pre-split, or $1.06 per unit post-split. This distribution, payable on August 19, 2015, to unitholders of record as of August 6, 2015, signals strong confidence from management in the company's financial performance and cash flow generation capabilities. Investors seeking income should note this increase as a positive development, reflecting a commitment to returning capital to shareholders.
Key Highlights
- 1Approved increased quarterly cash distribution of $0.53 per unit (pre-split) for Q2 2015.
- 2Post-split distribution amounts to $0.265 per ETE common unit.
- 3Annualized distribution projected at $2.12 per unit (pre-split) or $1.06 per unit (post-split).
- 4Distribution payment date set for August 19, 2015.
- 5Record date for the distribution is August 6, 2015.
- 6The announcement was made via a press release dated July 23, 2015.
- 7Information furnished under Regulation FD, not deemed 'filed' for Section 18 purposes.
Frequently Asked Questions
The Board of Directors approved a quarterly distribution of $0.53 per unit on a pre-split basis, which is equivalent to $0.265 per ETE common unit on a post-split basis, for the quarter ended June 30, 2015.
The distribution is scheduled to be paid on August 19, 2015.
Unitholders of record as of the close of business on August 6, 2015, will receive the distribution.
The annualized distribution is $2.12 per ETE common unit on a pre-split basis, and $1.06 per ETE common unit on a post-split basis.