Spectra Energy Partners (SEP) Raises Quarterly Dividend 1.8% to $0.68875; 6% Yield

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Go back to Spectra Energy Partners (SEP) Raises Quarterly Dividend 1.8% to $0.68875; 6% Yield

Spectra Energy Partners Announces 37th Consecutive Quarterly Cash Distribution Increase

February 7, 2017 8:30 AM EST

Quarterly distribution increase of 1.25 cents to $0.68875 per unit

HOUSTON, Feb. 7, 2017 /PRNewswire/ -- Spectra Energy Partners, LP (NYSE: SEP) announced today that the board of directors of its general partner declared a quarterly cash distribution to unitholders of $0.68875 per unit, an increase of 1.25 cents over the previous level of $0.67625 per unit. The cash distribution is payable on February 28, 2017, to unitholders of record at the close of business on February 17, 2017. This quarterly cash distribution equates to $2.755 per unit on an annual basis.

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