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Inergy Holdings (NRGP) Increases Quarterly Cash Dividend

July 27, 2009 7:52 AM EDT
NRGP Hot Sheet
Overall Analyst Rating:
    SELL (= Flat)
The Board of Directors of Inergy Holdings GP, LLC, general partner of Inergy Holdings, L.P. (Nasdaq: NRGP) announced an increase in its quarterly cash distribution to $0.78 per limited partner unit ($3.12 annually) for the quarter ended June 30, 2009. This represents an approximate 4% increase over the previously declared quarterly distribution of $0.75 per limited partner unit and an approximate 28% increase over the distribution for the same quarter of the prior year.

The distribution will be paid on August 14, 2009, to unitholders of record as of August 7, 2009. [SM]

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