DCP Midstream Announces Common and Preferred Unit Distributions
July 21 2020 - 3:15PM
DCP Midstream, LP (NYSE: DCP) announced today that the board of
directors of its general partner declared a second quarter 2020
common unit distribution of $0.39 per unit, or $1.56 per unit on an
annualized basis. This quarterly common unit distribution will be
paid August 14, 2020 to common unitholders of record at the close
of business on July 31, 2020.
In addition, the board of directors declared a quarterly Series
B preferred unit distribution of $0.4922 per unit. This preferred
unit cash distribution will be paid September 15, 2020 to preferred
unitholders of record at the close of business on September 1,
2020.
The board of directors also declared a quarterly Series C
preferred unit distribution of $0.4969 per unit. This preferred
unit cash distribution will be paid October 15, 2020 to preferred
unitholders of record at the close of business on October 1,
2020.
INVESTOR AND MEDIA RELATIONS: |
Sarah Sandberg |
Phone: |
303-605-1626 |
This serves as qualified notice to nominees and brokers as
provided for under Treasury Regulation Section 1.1446-4(b)(4) and
(d). Please note that 100 percent of DCP’s distributions to
foreign investors are attributable to income that is effectively
connected with a United States trade or business. Accordingly,
DCP’s distributions to foreign investors are subject to federal
income tax withholding at the highest effective tax rate. Nominees
are treated as withholding agents responsible for withholding
distributions received by them on behalf of foreign investors.
ABOUT DCP MIDSTREAM, LPDCP Midstream, LP (NYSE:
DCP) is a Fortune 500 midstream master limited partnership
headquartered in Denver, Colorado, with a diversified portfolio of
gathering, processing, logistics and marketing assets. DCP is one
of the largest natural gas liquids producers and marketers and one
of the largest natural gas processors in the U.S. The owner of
DCP’s general partner is a joint venture between Enbridge and
Phillips 66. For more information, visit the DCP Midstream, LP
website at www.dcpmidstream.com.
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