El Paso Pipeline Partners, L.P. announced that the Board of Directors of its general partner has declared a $0.49 per unit quarterly cash distribution for the third quarter of 2011, or $1.96 per unit on an annualized basis.
This distribution represents a 20 percent increase from the $0.41 per unit paid for the third quarter 2010 and a 2 percent increase from the $0.48 per unit paid for the second quarter 2011.
The distribution will be paid November 14, 2011, on all outstanding units to holders of record as of the close of business on October 31, 2011.
[mappress] Source: El Paso Pipeline Partners, October 24, 2011