Crosstex Declares Increase in Quarterly Distribution and Dividend
July 19 2011 - 6:30AM
Business Wire
The Crosstex Energy companies today announced the declaration of
the quarterly distribution for Crosstex Energy, L.P. (NASDAQ: XTEX)
(the Partnership) and the quarterly dividend for Crosstex Energy,
Inc. (NASDAQ: XTXI) (the Corporation) from the second quarter of
2011:
- The quarterly distribution on the
Partnership’s common and preferred units will be $0.31 per unit
payable August 12 to unitholders of record August 1.
- The quarterly dividend on the
Corporation’s common stock will be $0.10 per share payable August
12 to stockholders of record August 1.
These amounts represent an increase from the prior quarter of
approximately 7 percent in the distribution from the Partnership
and approximately 11 percent in the dividend from the
Corporation.
About the Crosstex Energy
Companies
Crosstex Energy, L.P., a midstream natural gas company
headquartered in Dallas, operates approximately 3,300 miles of
pipeline, nine processing plants and three fractionators. The
Partnership currently provides services for 3.2 billion cubic feet
of natural gas per day, or approximately six percent of marketed
U.S. daily production.
Crosstex Energy, Inc. owns the two percent general partner
interest, a 25 percent limited partner interest and the incentive
distribution rights of Crosstex Energy, L.P.
Additional information about the Crosstex companies can be found
at www.crosstexenergy.com.
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