Daily Dividend Report: DDR, GEL, SSS, TEP, SE
updated Tuesday, January 6, 2:08 PMDDR Corp. (DDR) declared its first quarter 2015 common stock dividend of $0.1725 per share, which represents an increase of 11% from the first quarter of 2014. The common stock dividend is payable on April 7, 2015 to shareholders of record at the close of business on March 12, 2015.
Genesis Energy (GEL) will pay a regular quarterly distribution of $0.595 per Common Unit for the quarter ended December 31, 2014. The distribution will be paid on February 13, 2015, to Common Unitholders of record at the close of business on February 2, 2015. This distribution represents an increase of approximately 11.2% over the fourth quarter 2014 quarterly distribution of $0.535 per unit, and an approximate 2.6% increase over the distribution paid with respect to the third quarter of 2014.
Sovran Self Storage (SSS) announced an increase in the Company's quarterly common stock dividend from $0.68 per share to $0.75 per share or $2.72 to $3.00 annualized. The increase is effective with the quarterly dividend to be paid on January 26, 2015 to shareholders of record on January 16, 2015.
Tallgrass Energy Partners (TEP) declared a quarterly cash distribution to partners of $0.485 per common unit for the fourth quarter of 2014, or $1.94 on an annualized basis. This represents a 54 percent increase from the fourth quarter of 2013 and an 18.3 percent sequential increase from the third quarter 2014 distribution of $0.41.
Spectra Energy (SE) has declared a quarterly cash dividend on its common stock of $0.37 per share, or $1.48 per share on an annualized basis. The dividend is payable on March 10, 2015, to shareholders of record at the close of business on February 13, 2015.
For MarketNewsVideo.com, I'm Sayoko Murase.