Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Spectra Energy Makes It 24 in a Row

Midstream operator Spectra Energy Partners (NYSE: SEP  ) announced today its fourth-quarter distribution of $0.51625 per unit, a 1.5% increase in the payout made to investors last quarter of $0.50875 per unit. It marks the 24th straight quarter Spectra has raised the distribution.

Spectra expects to continue raising the quarterly distribution  with a $0.03 per unit payment in the first quarter 2014, and then $0.01 per unit quarterly thereafter.

The board of directors said the quarterly dividend is payable on Nov. 14 to the holders of record at the close of business on Oct. 31. The regular dividend payment equates to approximately $2.07-per-share annual dividend, yielding 4.6% based on the closing price today of Spectra Energy Partners' stock.

SEP Dividend Chart

SEP Dividend data by YCharts

Read/Post Comments (2) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On October 18, 2013, at 8:13 AM, rdinv wrote:

    Rich... Since SEP is a MLP it doesn't pay dividends. It pays distributions. There is a major difference between Dividends and Distributions, especially regarding taxes.

  • Report this Comment On October 18, 2013, at 8:38 AM, rdinv wrote:

    Rich... I swore you said dividend, now I am looking again and the article says distribution. Actually the article says both dividend and distribution. It is my confusion this early in the morning. Sorry about that..

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2688784, ~/Articles/ArticleHandler.aspx, 10/1/2016 4:52:42 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 19 hours ago Sponsored by:
DOW 18,308.15 164.70 0.91%
S&P 500 2,168.27 17.14 0.80%
NASD 5,312.00 42.85 0.81%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/30/2016 4:02 PM
SEP $43.69 Down -0.47 -1.06%
Spectra Energy Par… CAPS Rating: ****