Duncan Energy Partners Increases Dividend
October 21st, 2007 by Grant in: Energy, Investing, Stock ThoughtsLast Tuesday Duncan Energy Partners (DEP: chart, web, Y!) raised its quarterly dividend by 2.5% to $0.41 per unit.
Duncan Energy is primarily an oil and natural gas pipeline company, and their primary business is transporting and storing natural gas liquids (NGL’s) and petroleum products. A highly attractive sector that is mildly insulated against changes in crude and natural gas prices.
DEP is an MLP, which means they are required to distribue a certain percentage of their earnings to “partners”. The fact that they are raising the dividend indicates that their finances are doing rather well.
DEP is set to release Q3 earnings next Thursday, October 25th.
Previous Posts on DEP
Bought Duncan Energy Partners (April 16, 2007)
Master Limited Partnership (April 23, 2007)
Stock Thoughts: Duncan Energy Partner (April 10, 2007)
Tags: DEP | Duncan Energy Partners | MLP | natural gas storage | natural resources | oil and gas | petroleum
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October 24th, 2007 at 9:45 am
[…] healthy 11% dividend and pays monthly, Duncan Energy Partners (DEP: chart, web, Y!), which recently increased its dividend by 2.5%, and my company stock, which has better than doubled over the last […]