Plains All American Pipeline, L.P. (PAA) and Plains GP Holdings (PAGP) recently announced their quarterly distributions for 4Q16.
PAA announced a quarterly cash distribution of US$0.55 per common unit (or US$2.20 per unit on an annualised basis). This figure remains unchanged from the quarterly distribution paid in November 2016.
PAGP announced a quarterly cash distribution of US0.55 per Class A share (US$2.20 per Class A share on an annualised basis). Again, this is unchanged from the quarterly distribution that was paid in November 2016 on a reverse split adjusted basis.
Distributions will be payable on 14 February 2017 to holders of record of each security at the close of business on 31 January 2017.
Plains All American Pipeline, L.P. is a master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids, natural gas and refined products.
PAGP is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA.
Read the article online at: https://www.worldpipelines.com/business-news/10012017/plains-all-american-pipeline-announces-distributions/