Midcoast Energy Partners (MEP) Declares $0.3575 Quarterly Dividend; 18.3% Yield
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Midcoast Energy Partners, L.P. Declares Distribution and Reports Earnings for Second Quarter 2016
July 28, 2016 6:00 AM EDTHOUSTON, TX -- (Marketwired) -- 07/28/16 -- 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 $0.3575 per unit, or $1.43 per unit on an annualized basis on all of its outstanding common and subordinated units, for the quarter ended June 30, 2016. The approved distribution remains unchanged from the previous quarter and represents an increase of 1.4 percent over the second quarter of 2015. The distribution is payable on August 12, 2016 to unitholders of record at the close of business on August... More
