TC PipeLines LP (TCP) Declares $0.94 Quarterly Dividend; 6.6% Yield
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TC PipeLines, LP Announces 2016 Third Quarter Cash Distribution
October 20, 2016 5:30 PM EDTHOUSTON, TEXAS -- (Marketwired) -- 10/20/16 -- 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 third quarter 2016 cash distribution of $0.94 per common unit. The distribution is unchanged from the second quarter 2016 distribution and represents a six percent increase from the $0.89 per common unit paid in third quarter 2015.
This cash distribution is the 70th consecutive quarterly distribution paid by the Partnership and is payable on November 14, 2016 to unitholders of record at the close of business on November 1, 2016.
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