Williams Partners increases dividend 2.5% to 82.75c Williams Partners announced that the regular quarterly cash distribution its unitholders receive has been increased to 82.75c per unit. The board of directors of the partnership's general partner has approved the quarterly cash distribution, which is payable on Feb. 8 to unitholders of record at the close of business on Feb. 1. The new per-unit amount is an 8.5% increase over the partnership's distribution of 76.25c per unit that was paid in February 2012. It is also a 2.5% increase over the partnership's previous quarterly distribution of 80.75c per unit.
News For WPZ From The Last 14 Days
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Williams Partners completes acquisition of Williams' Canadian assets Williams Partners L.P. (WPZ) announced that it has completed the transaction to acquire Williamsí (WMB) currently in-service Alberta, Canada operations for $1.2B. The partnership announced the agreement on Feb. 26. The assets include an oil sands offgas processing plant near Fort McMurray, approximately 260 miles of NGL and olefins pipelines, as well as an NGL/olefins fractionation facility and butylene/butane splitter facility at Redwater. Williams Partners also acquired an in-progress expansion project at the Redwater facility. The expansion will provide additional fractionation business to Williams Partners related to development of offgas processing at the CNRL Horizon upgrader facility retained by Williams.