TCP PipeLines LP (TCP) Declares $0.89 Quarterly Dividend; 6.4% Yield
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TC PipeLines, LP Announces First Quarter Cash Distribution
April 21, 2016 5:30 PM EDTHOUSTON, TEXAS -- (Marketwired) -- 04/21/16 -- TC PipeLines, LP (NYSE: TCP) (the Partnership) today announced that the board of directors of TC PipeLines GP, Inc., its general partner, declared the Partnership's first quarter 2016 cash distribution of $0.89 per common unit. The distribution is unchanged from the fourth quarter 2015 distribution and represents a 6 percent increase from the $0.84 per common unit paid in first quarter 2015.
This cash distribution is the 68th consecutive quarterly distribution paid by the Partnership and is payable on May 13, 2016 to unitholders of record at the close of business on May 2, 2016.
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