Williams Pipeline Partners (WMZ) Increases Quarterly Distribution
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Williams Pipeline Partners L.P. (NYSE: WMZ) announced today that the regular quarterly cash distribution its unitholders receive has been increased to $0.31 per unit.
The new distribution amount is a 3-percent increase over the partnership's initial cash distribution to unitholders of $0.2242 per unit for first-quarter 2008. The first-quarter 2008 distribution was prorated to cover the period of time from Jan. 24, when the partnership's initial public offering closed, through March 31. The prorated distribution equates to a full-quarter distribution of $0.30 per unit. The partnership's minimum quarterly distribution is $0.2875.[SM]
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