Plains GP Holdings hikes distribution by 19.7%

Plains GP Holdings (PAGP) will raise its quarterly distribution by 19.7 percent to $0.38 per share in 2024.

This marks the 4th consecutive year of increases. The dividend yield for PAGP is 7.6% at a stock price of $20.

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.

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