Western Gas Partners (WES), a master limited partnership (MLP) that’s a member of my Dividend Portfolio, announced today that it would pay a quarterly distribution of 86 cents per unit for the fourth quarter of 2016. That brings the total distribution for 2016 to a 10% increase over 2015. (You might remember that in my recent report on the performance of this portfolio I wrote that I expected U.S. pipeline MLPs to be able to increase distributions (once again) as production picked up in U.S. shale geologies.) The distribution is payable on February 13, 2017 to unit holders of record on February 2, 2017. The MLP will report fourth quarter financials after the market’s close on February 2.
Jim’s Daily Email Alerts:
Get Even More Jim!
- • More profiles of hot (and cold) sectors
- • More strategies for profiting from volatility
- • More about macro trends driving the market
- • More on where the market is heading – short-, medium- and long-term – including a Saturday Night Quarterback look at the week ahead!
Subscribe now for a year for just $199