MarkWest Hydrocarbon Declares First Quarter 2007 Cash Dividend of $0.32 Per Share
April 20 2007 - 5:15PM
PR Newswire (US)
DENVER, April 20 /PRNewswire-FirstCall/ -- MarkWest Hydrocarbon,
Inc. (AMEX:MWP), today announced that its Board of Directors
declared a cash dividend of $0.32 per share of common stock for the
first quarter of 2007, for an implied annual dividend rate of $1.28
per share. The first quarter 2007 cash dividend represents an
increase of $0.02 per share, or 7 percent, over the fourth quarter
2006 dividend, and an increase of $0.145 per share, or 83 percent,
over the first quarter 2006 dividend. The Board of Directors
declared the dividend payable on May 22, 2007, to the stockholders
of record as of the close of business on May 10, 2007. The
ex-dividend date is May 8, 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, 2006 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/
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