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Inergy Holdings, L.P. (NRGP) Qtr Distribution Raised 9% to $0.85/Share; 7% Yield

October 26, 2009 9:25 AM EDT
NRGP Hot Sheet
Overall Analyst Rating:
    SELL (= Flat)
Inergy Holdings, L.P. (Nasdaq: NRGP) announced an increase in its quarterly cash distribution to $0.85 per limited partner unit ($3.40 annually) for the quarter ended September 30, 2009.

This represents an approximate 9% increase over the previously declared quarterly distribution of $0.78 per limited partner unit and an approximate 31% increase over the distribution for the same quarter of the prior year.

The distribution will be paid on November 13, 2009, to unitholders of record as of November 6, 2009.

The yield after the raise is 7%.

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