DENVER, April 28, 2015 (GLOBE NEWSWIRE) -- DCP Midstream Partners, LP (NYSE:DPM) announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.78 per common unit for the quarter ended March 31, 2015, or $3.12 per unit on an annualized basis. This distribution remains unchanged from the previous quarter and reflects the current industry environment and the partnership's approach to sustainable ongoing distributions. This represents an increase of 4.7 percent over the $0.745 per unit distribution paid with respect to the first quarter of 2014. This quarterly cash distribution will be paid May 15, 2015, to unitholders of record at the close of business on May 8, 2015.
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ABOUT DCP MIDSTREAM PARTNERS, LP
DCP Midstream Partners, LP (NYSE:DPM) is a midstream master limited partnership engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling NGLs and recovering and selling condensate; and transporting, storing and selling propane in wholesale markets. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LP, which in turn is managed by its general partner, DCP Midstream GP, LLC, which is 100% owned by DCP Midstream, LLC, a joint venture between Phillips 66 and Spectra Energy. For more information, visit the DCP Midstream Partners, LP website at www.dcppartners.com.
Source:DCP Midstream Partners, LP