DCP Midstream Announces Common and Preferred Unit Distributions
01/24/2023 - 04:15 PM
DENVER, Jan. 24, 2023 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) announced today that the board of directors of its general partner declared a fourth quarter 2022 Common Unit cash distribution of $0.43 per unit, or $1.72 per unit on an annualized basis. This quarterly Common Unit distribution will be paid February 14, 2023 to common unitholders of record at the close of business on February 3, 2023.
In addition, the board of directors declared distributions for preferred units.
A quarterly Series B Preferred Unit cash distribution of $0.49 22 per unit will be paid March 15, 2023 to preferred unitholders of record at the close of business on March 1, 2023.
A quarterly Series C Preferred Unit cash distribution of $0.49 69 per unit will be paid April 17, 2023 to preferred unitholders of record at the close of business on April 3, 2023.
This statement is intended to be a qualified notice under United States Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.00% ) DCP Midstream, LP (“DCP”) distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, DCP’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
Pursuant to United States Treasury Regulation Section 1.1446(f)-4(c)(2)(iii) on amounts realized, one hundred percent (100.00% ) of the DCP distribution is in excess of cumulative net income. Nominees, and not DCP, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of non-U.S. investors.
About DCP Midstream, LP www.dcpmidstream.com
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Industry
Pipeline Transportation of Natural Gas
Sector
Transportation and Warehousing
Tags
Industrial Services, Oil & Gas Pipelines, Transportation and Warehousing, Pipeline Transportation of Natural Gas
Country
US
City
Denver
About DCP
we’re an energy company that connects growing resources to expanding markets. the dcp midstream enterprise is the largest producer of ngls and natural gas processing company in the u.s. in fact, we gather and/or process about 12% of our nation’s gas supply. while we’re a growing company, one of the largest in the nation providing fully integrated midstream services, our 3,200 employees will tell you that dcp midstream feels like a small company. we’re deeply invested in career development for the long term. we offer competitive compensation and broad benefits including 401k match, wellness focused medical, tuition reimbursement, employee-matching charitable gifts and much more!
