Plains All American Pipeline, L.P. (NYSE: PAA) today announced a quarterly cash distribution of $0.5425 per unit ($2.17 per unit on an annualized basis) on all of its outstanding limited partner units. The distribution will be payable on November 14, 2012, to holders of record of such units at the close of business on November 2, 2012. This is the first distribution payable following the recently completed two-for-one unit split. Comparative distribution amounts reflected in this press release have been adjusted for the unit split.
The distribution payable in November 2012 represents an increase of 9.0% over the quarterly distribution of $0.4975 per unit ($1.99 per unit on an annualized basis) paid in November 2011 and an increase of approximately 1.9% over the quarterly distribution of $0.5325 per unit ($2.13 per unit on an annualized basis) paid in August 2012. As of this distribution, PAA will have increased its quarterly distribution to limited partners in 32 out of the past 34 quarters and consecutively in each of the past 13 quarters.
Plains All American Pipeline, L.P. is a publicly traded master limited partnership engaged in the transportation, storage, terminalling and marketing of crude oil and refined products, as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids. Through its general partner interest and majority equity ownership position in PAA Natural Gas Storage, L.P. (NYSE: PNG), PAA owns and operates natural gas storage facilities. PAA is headquartered in Houston, Texas.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV