Kinder Morgan 1Q distribution at $1.05 per unit

By Associated Press
April 16, 2009 | Comments (0)

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Kinder Morgan Energy Partners LP, an energy transportation and storage company, declared a first-quarter cash distribution of $1.05 per common unit, payable May 15 to unit holders of record as of April 30.

The company said it expects to raise its 2009 annual cash distribution to $4.20 per unit, up 4.5 percent from last year.

Shares of Kinder Morgan rose $1.07, or 8 percent, to $14.45 Wednesday.

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