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DCP Midstream increases quarterly distribution 1.4%

DCP Midstream Partners announced that the board of its general partner declared a quarterly cash distribution of 72c per unit for the quarter ended September 30. This represents an increase of 1.4% over the last quarterly distribution of 71c per unit paid August 14. The quarterly cash distribution will be paid November 14, to unitholders of record at the close of business November 7. This quarterly distribution equates to $2.88 per unit on an annual basis.