PAA Natural Gas Storage LP (PNG) Raises Quarterly Dividend 5.9% to $0.3575; 8.9% Yield

PAA Natural Gas Storage LP (NYSE: PNG) declared a quarterly dividend of $0.3575 per share, or $1.43 annualized. This is a 5.9% increase from the prior dividend of $0.3375.

The dividend will be payable on November 14, 2011, to stockholders of record on November 4, 2011, with an ex-dividend date of November 2, 2011.

The annual yield on the dividend is 8.9 percent.

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