Penn Virginia GP raises quarterly dividend

By Associated Press
July 24, 2008 | Comments (0)

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PVG GP LLC, the general partner of Penn Virginia GP Holdings LP, on Thursday declared a second-quarter distribution for the partnership of 36 cents per unit, an increase of 2 cents, or 5.9 percent, from the previous quarter.

Radnor-based Penn Virginia GP owns interests in coal mines managed by Penn Virginia Resource Partners LP.

The distribution is payable on Aug. 20 to unitholders of record on Aug. 4.

Penn Virginia GP units fell $1.44, or 4.7 percent, to $29.36 in afternoon trading.

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