Duncan Energy Partners Increases Dividend
Sunday, October 21st, 2007Last 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 …
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