This morning, the Plains All-American Pipeline (NYSE:PAA) declared its quarterly distribution of 97 cents per share, an increase of about 1% over its prior distribution. Based on the current stock price, investors can expect a yield of about 6.1% going forward.
Shares of Plains All-American were higher on Monday afternoon, climbing 0.6% so far.
In other dividend news, Pitney Bowes (NYSE:PBI) maintained its quarterly dividend of 37 cents per share. PAA Natural Gas Storage (NYSE:PNG) maintained its quarterly dividend of 34.5 cents per share. And Federated Premium Intermediate Municipal Fund (NYSE:FPT) maintained its monthly dividend of 7 cents per share.
And among dividend increases, Genesis Energy Limited Partnership (NYSE:GEL) announced its quarterly distribution of 40.75 cents per share, an increase of about 2% over its prior distribution in January.
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