Duncan Energy Partners Increases Dividend
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)
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