MarkWest Hydrocarbon Declares a Quarterly Cash Dividend of $0.28 Per Share
October 26 2006 - 4:15PM
PR Newswire (US)
DENVER, Oct. 26 /PRNewswire-FirstCall/ -- MarkWest Hydrocarbon,
Inc. (AMEX:MWP), today announced that its Board of Directors
declared a quarterly cash dividend of $0.28 per share of its common
stock for an implied annual rate of $1.12 per share. This quarterly
cash dividend represents an increase of $0.04 per share, or 16.7%,
over the previous quarter's dividend, and represents an increase of
$0.155 per share, or 124% over the third quarter 2005 dividend.
MarkWest's Board has declared that the dividend is to be paid on
November 21, 2006, to the stockholders of record as of the close of
business on November 9, 2006. The ex-dividend date is November 7,
2006. MarkWest Hydrocarbon, Inc. (AMEX:MWP) controls and operates
MarkWest Energy Partners, L.P. (AMEX:MWE), a publicly traded
limited partnership engaged in the gathering, processing and
transmission of natural gas; the transportation, fractionation and
storage of natural gas liquids; and the gathering and
transportation of crude oil. We also market natural gas and NGLs.
This press release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
All statements other than statements of historical facts included
or incorporated herein may constitute forward-looking statements.
Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we can give no assurance
that such expectations will prove to be correct. The
forward-looking statements involve risks and uncertainties that
affect our operations, financial performance and other factors as
discussed in our filings with the Securities and Exchange
Commission. Among the factors that could cause results to differ
materially are those risks discussed in our Form 10-K for the year
ended December 31, 2005 as filed with the SEC. DATASOURCE: MarkWest
Hydrocarbon, Inc. CONTACT: Frank Semple, President & CEO, Nancy
Buese, CFO, or Andy Schroeder, VP Finance & Treasurer, all of
MarkWest Hydrocarbon, Inc., +1-866-858-0482, or fax,
+1-303-290-8769, Web site: http://www.markwest.com/
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