Enable Midstream Partners’ owns, operates and develops natural gas and crude oil infrastructure assets. On 22 July 2015, the partners’ Board of Directors of its general partner declared a quarterly cash distribution of US$0.316 per unit on all outstanding common and subordinated units for the quarter ended 30 June 2015.
This price represents an increase of approximately 1% over the prior quarter’s distribution, the fourth consecutive quarterly distribution increase since the company paid its first quarterly distribution for 2Q14. Moreover, it is an increase of approximately 10% over the partnership’s minimum quarterly distribution of US$0.2875 per unit.
Enable Midstream has also announced that is reaffirming its 2015 distribution guidance of 3% to 7% growth, as measured from the partnership’s 4Q14 distribution to the projected 4Q15 distribution.
Edited from source by Elizabeth Corner
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