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Energy Transfer Brothers Declare Fresh Dividends

By Eric Volkman - Apr 24, 2013 at 6:28PM

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But only one has hiked its payout.

The closely related firms Energy Transfer Partners (NYSE: ETP) and Energy Transfer Equity (ET -0.89%) will both hand out a dividend for their respective Q1s. The former will pay $0.89375 per common unit on May 15 to holders of record as of May 6. This amount matches the company's previous quarterly payout.

Equity will distribute $0.645 per common unit, dispensing this on May 17 to holders of record as of May 6. This represents a raise of $0.01 per unit over the firm's preceding distribution, which was made in February.

Partners' dividend annualizes to nearly $3.58 per share. That yields 7.5% at the company's current stock price of $48.63. Those figures for Equity are $2.58, 4.4%, and $58.90, respectively.

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