MarkWest Hydrocarbon Increases Quarterly Cash Dividend to $0.36 Per Share
July 20 2007 - 4:15PM
Business Wire
MarkWest Hydrocarbon, Inc. (AMEX: MWP) today announced that its
Board of Directors declared a cash dividend of $0.36 per share of
common stock for the second quarter of 2007, for an implied annual
dividend rate of $1.44 per share. The second quarter 2007 cash
dividend represents an increase of $0.04 per share, or 13 percent,
over the first quarter 2007 dividend, and an increase of $0.12 per
share, or 50 percent, over the second quarter 2006 dividend. The
Board of Directors declared the dividend payable on August 21,
2007, to the stockholders of record as of the close of business on
August 9, 2007. The ex-dividend date is August 7, 2007. MarkWest
Hydrocarbon, Inc. (AMEX: MWP) controls and operates MarkWest Energy
Partners, L.P. (NYSE: 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 Annual Report
on Form 10-K for the year ended December 31, 2006, and our
Quarterly Reports on Form 10-Q, as filed with the SEC.
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