DCP Midstream Announces Common and Preferred Unit Distributions
DCP Midstream, LP (NYSE: DCP) announced a fourth quarter 2021 Common Unit cash distribution of $0.39 per unit, equating to an annualized $1.56 per unit.
Sentiment and the balance of points
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Rhea-AI Summary
DCP Midstream, LP (NYSE: DCP) announced a fourth quarter 2021 Common Unit cash distribution of $0.39 per unit, equating to an annualized $1.56 per unit. This distribution is scheduled for payment on February 14, 2022, to unitholders on record as of February 4, 2022.
Additionally, a quarterly distribution of $0.4922 per unit for Series B Preferred Units will be paid on March 15, 2022, and $0.4969 for Series C Preferred Units on April 15, 2022. Foreign investors' distributions are subject to federal income tax withholding.
Positive
- Quarterly Common Unit cash distribution of $0.39 per unit, reflecting a stable income for unitholders.
- Commitment to timely distribution payments, enhancing investor confidence.
Negative
- None.
Details
News Market Reaction – DCP
The recorded move for DCP in the trading session of this news was -0.40%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DENVER, Jan. 24, 2022 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) announced today that the board of directors of its general partner declared a fourth quarter 2021 Common Unit cash distribution of
A quarterly Series B Preferred Unit cash distribution of
A quarterly Series C Preferred Unit cash distribution of
This serves as qualified notice to nominees and brokers as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of DCP’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, DCP’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate. Nominees are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.
About DCP Midstream, LP
DCP Midstream, LP (NYSE: DCP) is a Fortune 500 midstream master limited partnership headquartered in Denver, Colorado, with a diversified portfolio of gathering, processing, logistics and marketing assets. DCP is one of the largest natural gas liquids producers and marketers and one of the largest natural gas processors in the U.S. The owner of DCP’s general partner is a joint venture between Enbridge and Phillips 66. For more information, visit the DCP Midstream, LP website at www.dcpmidstream.com.
Investor Relations
Mike Fullman
303-605-1628
MFullman@dcpmidstream.com
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