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DCP Midstream increases dividend 1.4% to 70c

DCP Midstream Partners announced that the board of directors of its general partner declared a quarterly cash distribution of 70c per unit for the quarter ended March 31. This represents an increase of 1.4% over the last quarterly distribution of 69c per unit paid February 15. The quarterly cash distribution will be paid May 15 to unitholders of record at the close of business May 8, 2013. This quarterly distribution equates to $2.80 per unit on an annual basis.