The Crosstex Energy companies today announced the declaration of the quarterly distribution for Crosstex Energy, L.P. (NASDAQ: XTEX) (the Partnership) and the quarterly dividend for Crosstex Energy, Inc. (NASDAQ: XTXI) (the Corporation) from the first quarter of 2012:
- The quarterly distribution on the Partnership’s common units will be $0.33 per unit. The distribution is payable May 15 to unitholders of record May 2. This amount is approximately a 14 percent increase over the first-quarter 2011 rate.
- The quarterly dividend on the Corporation’s common stock will be $0.12 per share. The dividend is payable May 15 to shareholders of record May 2. This amount is approximately a 33 percent increase over the first-quarter 2011 rate.