Spectra Energy Partners Hikes Quarterly Cash Distribution

(RTTNews) - While reporting its third-quarter financial results today, Spectra Energy Partners, LP (SEP) said that the board of directors of its general partner declared a quarterly cash distribution to unitholders of $0.67625 per unit, an increase of 1.25 cents over the previous level of $0.66375 per unit.

This is the 36th consecutive quarter that Spectra Energy Partners has increased its quarterly cash distribution.

The cash distribution is payable on November 29, 2016, to unitholders of record at the close of business on November 14, 2016. This quarterly cash distribution equates to $2.705 per unit on an annual basis.