it is coming time for the quarterly distribution to be declared again. What degree of certainty is that the same aprox 89 cent distribution will be declared again? I would think that those who participated in the recent secondary offering would have gotten some assurances that the payout would be the same. I also understand that managment is on record that they will seek to increase the distribution sometime in 2013.
ETP's Board of Directors has approved a quarterly distribution of $0.89375 per unit ($3.575 annualized) on ETP's outstanding common units for the quarter ended June 30, 2012. The distribution will be paid on August 14, 2012 to Unitholders of record as of the close of business on August 6, 2012.
Management indicated an increase to begin a while in the past. Market conditions did not permit. Current distribution will continue for at least a couple more quarters. The market reaction to a decrease would be ugly. .89 on the way on 8/15 or so.