Plains GP Holdings cuts distribution by 50%
Plains GP Holdings (PAGP) will cut its quarterly distribution by 50.0 percent to 18 cents per share in 2020. This follows a 20.0 percent increase last year.
The next distribution will be payable on May 15, 2020 to holders of record at the close of business on May 1, 2020. A new annual rate of $0.72 per share yields 12% at current prices.
Plains GP Holdings is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America. PAGP is headquartered in Houston, Texas.
The next distribution will be payable on May 15, 2020 to holders of record at the close of business on May 1, 2020. A new annual rate of $0.72 per share yields 12% at current prices.
Plains GP Holdings is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America. PAGP is headquartered in Houston, Texas.
