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ETP ex-dividend on 6/28 ($0.67)

Energy Transfer Partners, a natural gas company, will pay a dividend of $0.67 on July 14 to holders as of Wednesday, June 28. Included is a 3 cents special dividend related to proceeds received by the Partnership in connection with the SCANA litigation. The remaining is ETP regular quarterly dividend and represent a ~10% increase over last quarter. stores and transports natural gas. The stock rallied to an all-time high last Month, in the latest leg of a strong uptrend that’s been in place for the last eight months. Definitely one of the strongest oil and gas stock this spring, and the strong volume of the last week could indicate more upward momentum.

2 Responses to “ETP ex-dividend on 6/28 ($0.67)”

  1. CS Says:

    This is the distribution of ETE, the general partner of ETP. ETP’s quarterly distribution is about $0.59/unit.

    From ETE/ETP’s web site:
    http://www.energytransfer.com/pressreleases.asp?121
    ENERGY TRANSFER EQUITY, L.P. DECLARES 19% INCREASE IN DISTRIBUTION TO ITS UNITHOLDERS
    Dallas, Texas — May 9, 2006 — Energy Transfer Equity, L.P. (NYSE:ETE) announces a $0.15 per unit increase in the annual cash distributions payable on the Partnership’s outstanding limited partner units. This latest increase will go into effect with the Partnership’s next quarterly distribution for the quarter ending May 31, 2006, raising the annual distribution rate per unit to $0.95. The quarterly distribution of $0.2375 per unit (an annualized rate of $0.95 per common unit) will be paid on July 19, 2006 to holders of record as of close of business on June 30, 2006. This is a 19% increase in the annual rate of ETE’s unitholder distribution.

  2. Sam Says:

    Correct. Total dividend for ETP (include the 3c special) is $0.67/share. Thanks,

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