Spectra Energy Partners (SEP) Raises Quarterly Dividend 2% to $0.63875; 6.3% Yield
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Spectra Energy Partners Reports Fourth Quarter and Year-End 2015 Results
February 3, 2016 6:35 AM ESTHOUSTON, Feb. 3, 2016 /PRNewswire/ --
2015 Year-End Highlights:
2015 distributable cash flow in excess of $1.2 billion; strong distribution coverage ratio of 1.2x, exceeding forecast of 1.1x Natural gas expansion projects and crude transportation pipelines drove 2015 ongoing EBITDA growth of 14.7% 33rd consecutive quarterly cash distribution increase Approximately $700 million in growth projects placed into serviceSpectra Energy Partners, LP (NYSE: SEP) today reported fourth quarter 2015 distributable cash flow (DCF) of $260 million, compared with $245 million in the prior-year... More
Spectra Energy Reports Fourth Quarter and Year-End 2015 Results
February 3, 2016 6:30 AM ESTHOUSTON, Feb. 3, 2016 /PRNewswire/ --
Year-End Highlights:
2015 distributable cash flow of $1.3 billion, with dividend coverage ratio of 1.3x, exceeding the 2015 forecast of 1.2x Brought OPEN and 2015 Dawn-Parkway projects into service in fourth quarter Added almost $2 billion to execution backlog during 2015 Announced annual dividend increase of 14 cents per share for 2016Spectra Energy Corp (NYSE: SE) today reported fourth quarter and year-end 2015 financial results. For the quarter, ongoing earnings before interest, taxes, depreciation, and... More
Spectra Energy Partners Announces 33rd Consecutive Quarterly Cash Distribution Increase
February 3, 2016 6:25 AM ESTHOUSTON, Feb. 3, 2016 /PRNewswire/ -- Spectra Energy Partners, LP (NYSE: SEP) announced that the board of directors of its general partner declared a quarterly cash distribution to unitholders of $0.63875 per unit, an increase of 1.25 cents over the previous level of $0.62625 per unit. This is the 33rd consecutive quarter that Spectra Energy Partners has increased its quarterly cash distribution. The cash distribution is payable on February 26, 2016, to... More
Spectra Energy Partners Announces 33rd Consecutive Quarterly Cash Distribution Increase
February 3, 2016 6:25 AM ESTHOUSTON, Feb. 3, 2016 /PRNewswire/ -- Spectra Energy Partners, LP (NYSE: SEP) announced that the board of directors of its general partner declared a quarterly cash distribution to unitholders of $0.63875 per unit, an increase of 1.25 cents over the previous level of $0.62625 per unit. This is the 33rd consecutive quarter that Spectra Energy Partners has increased its quarterly cash distribution. The cash distribution is payable on February 26, 2016, to... More
