Summary
Energy Transfer Equity, L.P. (ETE) announced on October 26, 2015, a positive development for its unitholders. The company's Board of Directors has approved an increase in the quarterly cash distribution to $0.285 per common unit, which annualizes to $1.14 per unit. This decision reflects confidence in the company's financial performance and its commitment to returning value to its investors. This distribution for the quarter ended September 30, 2015, is scheduled to be paid on November 19, 2015, to unitholders of record as of the close of business on November 5, 2015. Investors should note that the information provided in the press release is furnished and not deemed filed under the Securities Exchange Act of 1934, meaning it is for informational purposes and does not carry the same legal implications as filed information.
Key Highlights
- 1Approved an increased quarterly cash distribution of $0.285 per ETE common unit.
- 2The annualized cash distribution per unit is $1.14.
- 3The distribution is for the quarter ended September 30, 2015.
- 4Payment date for the distribution is November 19, 2015.
- 5Record date for the distribution is November 5, 2015.
- 6The announcement was made via press release on October 26, 2015.
- 7Information is furnished under Regulation FD and is not deemed filed under Section 18 of the Exchange Act.