I read today that Duncan Energy Partners (DEP: chart, web, Y!) is increasing its quarterly cash distribution by 1.8 percent to 42.75 cents per common unit.  Not bad considering they just raised the distribution last October to $0.42 per common share.

Duncan Energy Partners has been beaten down with the rest of the energy sector lately, and I’ll probably start buying more shares again, although I’m at odds whether to buy in my Roth account or my free trading account.

There are some serious tax advantages to buying an MLP in a regular trading account that you don’t get to capitalize on in a retirement account.

On the other hand, I’m so overweight in oil right now that it really isn’t funny.  I’ve got more Provident Energy than I should, but I’m underwater in those shares too…

Oh the opportunity!

Investing DEP, Duncan Energy Partners, MLP, Partnership

Last 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)

Energy, Investing, Stock Thoughts DEP, Duncan Energy Partners, MLP, natural gas storage, natural resources, oil and gas, petroleum