The Dynamic Dividend

Boardwalk Ups Distribution for 23rd Straight Quarter

Boardwalk Pipeline Partners (BWP) declared a quarterly distribution of $0.5275 per unit early Monday morning, which is a 0.5% increase over last quarter’s payout and a 2.4% improvement over the natural gas partnership’s distribution during the same period last year.

Boardwalk has raised its distribution every quarter since it began returning cash to unitholders in 2006, increasing its payout by 47% over that span.

BWP closed last week trading at $29.12, where it now yields 7.25%.