El Paso Pipeline Increases 1Q Cash Distribution
El Paso Pipeline Partners has declared a $0.380 per unit quarterly cash distribution for the first quarter of 2010, or $1.52 per unit on an annualized basis. This distribution represents a 17 percent increase from the $0.325 per unit paid for the first quarter 2009 and a 6 percent increase from the $0.360 per unit paid for the fourth quarter 2009.
"We are pleased with the continued growth of our partnership," said Jim Yardley, president and chief executive officer of the general partner of El Paso Pipeline Partners. "Our recent acquisition and the steady, predictable cash flows from our assets have enabled us to increase our quarterly distribution every quarter since our initial public offering."