SemGroup Energy Partners Increases Distribution

SemGroup Energy Partners, L.P. today announced that the board of directors of its general partner has declared a quarterly cash distribution of $0.40 per unit for the first quarter of 2008, or $1.60 per unit on an annualized basis.

This distribution represents an increase of 19 percent over the fourth- quarter 2008 distribution of $0.3375 per unit, or $1.35 per unit on an annualized basis, and an increase of 28 percent over the minimum quarterly distribution of $0.3125 per unit, or $1.25 per unit on an annualized basis.

The distribution is payable on May 15, 2008, on all outstanding common and subordinated units to unitholders of record as of the close of business on May 5, 2008.



Was this article helpful?

Related Articles

Leave A Comment?