DENVER, Jan. 29, 2015 (GLOBE NEWSWIRE) -- DCP Midstream Partners, LP (NYSE:DPM) announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.78 per common unit for the quarter ended December 31, 2014, or $3.12 per unit on an annualized basis. This represents an increase of 6.5 percent over the $0.7325 per unit distribution paid with respect to the fourth quarter of 2013 and an increase of 1.3 percent over the last quarterly distribution of $0.77 per unit paid on November 14, 2014. This quarterly cash distribution will be paid February 13, 2015, to unitholders of record at the close of business on February 9, 2015 and will be the 17th consecutive quarterly distribution increase.
ABOUT DCP MIDSTREAM PARTNERS, LP
DCP Midstream Partners, LP (NYSE:DPM) is a midstream master limited partnership engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling NGLs and recovering and selling condensate; and transporting, storing and selling propane in wholesale markets. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LP, which in turn is managed by its general partner, DCP Midstream GP, LLC, which is 100% owned by DCP Midstream, LLC, a joint venture between Phillips 66 and Spectra Energy. For more information, visit the DCP Midstream Partners, LP website at www.dcppartners.com.