{"id":515317,"date":"2021-07-20T16:18:15","date_gmt":"2021-07-20T20:18:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dcp-midstream-announces-common-and-preferred-unit-distributions-2\/"},"modified":"2021-07-20T16:18:15","modified_gmt":"2021-07-20T20:18:15","slug":"dcp-midstream-announces-common-and-preferred-unit-distributions-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dcp-midstream-announces-common-and-preferred-unit-distributions-2\/","title":{"rendered":"DCP Midstream Announces Common and Preferred Unit Distributions"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"start\">DENVER, July  20, 2021  (GLOBE NEWSWIRE) &#8212; DCP Midstream, LP (NYSE: DCP) announced today that the board of directors of its general partner declared a second quarter 2021 common unit distribution of $0.39 per unit, or $1.56 per unit on an annualized basis. This quarterly common unit distribution will be paid August 13, 2021 to common unitholders of record at the close of business on July 30, 2021.<\/p>\n<p align=\"start\">In addition, the board of directors declared a quarterly Series B preferred unit distribution of $0.4922 per unit. This preferred unit cash distribution will be paid September 15, 2021 to preferred unitholders of record at the close of business on September 1, 2021.<\/p>\n<p align=\"start\">The board of directors also declared a quarterly Series C preferred unit distribution of $0.4969 per unit. This preferred unit cash distribution will be paid October 15, 2021 to preferred unitholders of record at the close of business on October 1, 2021.<\/p>\n<table style=\"border-collapse: collapse;width:75%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:20%;width:20%;min-width:20%;text-align: left;vertical-align: middle\">INVESTOR RELATIONS:<\/td>\n<td style=\"max-width:80%;width:80%;min-width:80%;text-align: left;vertical-align: middle\">Mike Fullman<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Phone:<\/td>\n<td style=\"text-align: left;vertical-align: middle\">303-605-1628<\/td>\n<\/tr>\n<\/table>\n<p align=\"start\">This serves as qualified notice to nominees and brokers as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d).\u00a0Please note that 100 percent of DCP\u2019s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business.\u00a0Accordingly, DCP\u2019s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate. Nominees are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.<\/p>\n<p align=\"start\">\n        <strong>ABOUT DCP MIDSTREAM, LP<\/strong><br \/>\n        <br \/> DCP Midstream, LP (NYSE: DCP) is a Fortune 500 midstream master limited partnership headquartered in Denver, Colorado, with a diversified portfolio of gathering, processing, logistics and marketing assets. DCP is one of the largest natural gas liquids producers and marketers and one of the largest natural gas processors in the U.S. The owner of DCP\u2019s general partner is a joint venture between Enbridge and Phillips 66. For more information, visit the DCP Midstream, LP website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=T-zfUCwToi7Sq7GlDM-0pQnalD-K4ppWy2Y2LUxN_rIQHVg5PhpmtdpZQ_RK7tWs4BtzKIyQHgINYxYmlIFw0BFeBZGx5JcGjKUGkIb4XVg=\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.dcpmidstream.com<\/u><\/a><strong>.<\/strong><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4MzY3NiM0MzA2MjcxIzIwMDQ3NDc=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/7e0a4730-e545-4f39-b2eb-15c30c321c4a\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>DENVER, July 20, 2021 (GLOBE NEWSWIRE) &#8212; DCP Midstream, LP (NYSE: DCP) announced today that the board of directors of its general partner declared a second quarter 2021 common unit distribution of $0.39 per unit, or $1.56 per unit on an annualized basis. This quarterly common unit distribution will be paid August 13, 2021 to common unitholders of record at the close of business on July 30, 2021. In addition, the board of directors declared a quarterly Series B preferred unit distribution of $0.4922 per unit. This preferred unit cash distribution will be paid September 15, 2021 to preferred unitholders of record at the close of business on September 1, 2021. The board of directors also declared a quarterly Series &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dcp-midstream-announces-common-and-preferred-unit-distributions-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;DCP Midstream Announces Common and Preferred Unit Distributions&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-515317","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DCP Midstream Announces Common and Preferred Unit Distributions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dcp-midstream-announces-common-and-preferred-unit-distributions-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DCP Midstream Announces Common and Preferred Unit Distributions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"DENVER, July 20, 2021 (GLOBE NEWSWIRE) &#8212; DCP Midstream, LP (NYSE: DCP) announced today that the board of directors of its general partner declared a second quarter 2021 common unit distribution of $0.39 per unit, or $1.56 per unit on an annualized basis. This quarterly common unit distribution will be paid August 13, 2021 to common unitholders of record at the close of business on July 30, 2021. In addition, the board of directors declared a quarterly Series B preferred unit distribution of $0.4922 per unit. This preferred unit cash distribution will be paid September 15, 2021 to preferred unitholders of record at the close of business on September 1, 2021. 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This quarterly common unit distribution will be paid August 13, 2021 to common unitholders of record at the close of business on July 30, 2021. In addition, the board of directors declared a quarterly Series B preferred unit distribution of $0.4922 per unit. This preferred unit cash distribution will be paid September 15, 2021 to preferred unitholders of record at the close of business on September 1, 2021. 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