Vornado Realty Trust today announced that its Board of Trustees has declared a quarterly dividend at an increased rate of $.71 per share, a 2017 annual dividend rate of $2.84. The dividend will be payable on February 15, 2017 to shareholders of record on January 30, 2017. The 2016 annual dividend was $2.52 per share.
The Board of Directors of CMS Energy today increased the quarterly dividend on the company's common stock by 7 percent, to 33.25 cents per share, up from 31 cents per share. Based on Wednesday's closing price for CMS Energy common stock, $42.19, the dividend represents an annualized yield of 3.2 percent. The first quarter dividend for the common stock is payable Feb. 28, 2017, to shareholders of record on Feb. 3, 2017.
Phillips 66 Partners announces that the board of directors of its general partner declared a fourth-quarter 2016 cash distribution of $0.558 per common unit. This quarter's distribution represents an increase of 5 percent over the previous quarterly distribution of $0.531 per unit and a 22 percent increase over fourth-quarter 2015. This is the thirteenth consecutive quarterly distribution increase since Phillips 66 Partners' initial public offering in 2013. The fourth-quarter distribution is payable Feb. 13, 2017, to unitholders of record as of Jan. 31, 2017.
Tesoro Logistics today announced the declaration of its quarterly cash distribution for the fourth quarter 2016 of $0.91 per limited partnership unit, or $3.64 on an annualized basis. This distribution represents a 4% increase over the quarterly distribution of $0.8750 per unit or $3.50 per unit on an annualized basis paid in November 2016. This represents the 23rd consecutive quarterly increase of approximately 4% or more. The fourth quarter distribution will be paid February 14, 2017 to all unitholders of record as of February 3, 2017. In the prior four quarters, TLLP has increased its distribution to limited partners by 17%.
Kinder Morgan today announced that its board of directors approved a cash dividend of $0.125 per share for the quarter ($0.50 annualized) payable on Feb. 15, 2017, to common shareholders of record as of the close of business on Feb. 1, 2017. KMI declared dividends of $0.50 per share for 2016 and used cash in excess of dividend payments to fully fund growth investments and strengthen its balance sheet.
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