DCP Midstream Announces Common and Preferred Unit Distributions
10/16/2020 - 04:15 PM
DENVER, Oct. 16, 2020 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) announced today that the board of directors of its general partner declared a third quarter 2020 common unit distribution of $0.39 per unit, or $1.56 per unit on an annualized basis. This quarterly common unit distribution will be paid November 13, 2020 to common unitholders of record at the close of business on October 30, 2020.
In addition, the board of directors declared a semi-annual Series A preferred unit distribution of $36.875 per unit and a quarterly Series B preferred unit distribution of $0.4922 per unit. These preferred unit cash distributions will be paid December 15, 2020 to preferred unitholders of record at the close of business on December 1, 2020.
The board of directors also declared a quarterly Series C preferred unit distribution of $0.4969 per unit. This preferred unit cash distribution will be paid January 15, 2021 to preferred unitholders of record at the close of business on January 4, 2021.
INVESTOR AND MEDIA RELATIONS: Sarah Sandberg Phone: 303-605-1626
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 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!
