Midcoast Energy Partners (MEP) Raises Quarterly Dividend 1.5% to $0.3475; 9.7% Yield
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Midcoast Energy Partners, L.P. Declares Distribution Increase and Reports Earnings for First Quarter 2015
April 29, 2015 4:35 PM EDTHOUSTON, TX -- (Marketwired) -- 04/29/15 -- Midcoast Energy Partners, L.P. (NYSE: MEP) ("Midcoast Partners" or "the Partnership") announced today that the board of directors of its general partner has declared a quarterly cash distribution of $0.3475 per unit, or $1.39 per unit on an annualized basis on all of its outstanding common and subordinated units, for the quarter ended March 31, 2015. The approved distribution represents increases of 1.5 percent over the previous quarter's distribution and an 11.2 percent increase compared to the first quarter of 2014. The distribution is payable on May 15, 2015, to unitholders of record at the close of... More
