MarkWest Hydrocarbon Declares a Quarterly Cash Dividend of $0.30 Per Share
January 26 2007 - 4:01PM
PR Newswire (US)
DENVER, Jan. 26 /PRNewswire-FirstCall/ -- MarkWest Hydrocarbon,
Inc. (AMEX:MWP), today announced that its Board of Directors
declared its fourth quarter 2006 cash dividend of $0.30 per share
of its common stock for an implied annual rate of $1.20 per share.
This quarterly cash dividend represents an increase of $0.02 per
share, or 7.1%, over the previous quarter's dividend, and
represents an increase of $0.175 per share, or 71% over the fourth
quarter 2005 dividend. MarkWest's Board has declared that the
dividend is to be paid on February 21, 2007, to the stockholders of
record as of the close of business on February 9, 2007. The
ex-dividend date is February 7, 2007. MarkWest Hydrocarbon, Inc.
(AMEX:MWP) controls and operates MarkWest Energy Partners, L.P.
(AMEX:MWE), a publicly traded limited partnership engaged in the
gathering, processing and transmission of natural gas; the
transportation, fractionation and storage of natural gas liquids;
and the gathering and transportation of crude oil. We also market
natural gas and NGLs. This press release includes "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. All statements other than statements of
historical facts included or incorporated herein may constitute
forward-looking statements. Although we believe that the
expectations reflected in the forward-looking statements are
reasonable, we can give no assurance that such expectations will
prove to be correct. The forward-looking statements involve risks
and uncertainties that affect our operations, financial performance
and other factors as discussed in our filings with the Securities
and Exchange Commission. Among the factors that could cause results
to differ materially are those risks discussed in our Form 10-K for
the year ended December 31, 2005 as filed with the SEC. DATASOURCE:
MarkWest Hydrocarbon, Inc. CONTACT: Frank Semple, President &
CEO, or Nancy Buese, CFO, or Andy Schroeder, VP Finance &
Treasurer, all of MarkWest Hydrocarbon, Inc., +1-866-858-0482, or
fax, +1-303-290-8769, Web site: http://www.markwest.com/
Copyright
Markwest Hydrocarbon (AMEX:MWP)
Historical Stock Chart
From Jul 2024 to Aug 2024
Markwest Hydrocarbon (AMEX:MWP)
Historical Stock Chart
From Aug 2023 to Aug 2024