DCP MIDSTREAM PARTNERS DECLARES
INCREASE IN QUARTERLY DISTRIBUTION
DENVER - April 28, 2014 - DCP Midstream Partners, LP (DPM) announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.745 per common unit for the quarter ended March 31, 2014, or $2.98 per unit on an annualized basis. This represents an increase of 1.7 percent over the last quarterly distribution of $0.7325 per unit paid February 14, 2014 and a 6.4 percent increase over the $0.70 per unit distribution declared with respect to the first quarter of 2013. The quarterly cash distribution will be paid May 15, 2014, to unitholders of record at the close of business May 8, 2014.
|MEDIA RELATIONS:||Lisa Newkirk|
|INVESTOR RELATIONS:||Andrea Attel|
ABOUT DCP MIDSTREAM PARTNERS, LP
DCP Midstream Partners, LP (DPM) is a midstream master limited partnership engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling NGLs and condensate; and transporting, storing and selling propane in wholesale markets. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LP, which in turn is managed by its general partner, DCP Midstream GP, LLC, which is wholly-owned by DCP Midstream, LLC, a joint venture between Phillips 66 and Spectra Energy. For more information, visit the DCP Midstream Partners, LP website at www.dcppartners.com.
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Source: DCP Midstream Partners LP via GlobeNewswire