The Dynamic Dividend

Exterran Ups Distribution for Fifth Straight Quarter

Exterran Partners (EXLP) declared a quarterly distribution of $0.4925 per unit after Friday’s closing bell, which is a 1% increase over its previous payout and a 4.2% improvement over its distribution during the same period last year.

This is the sixth consecutive quarter the natural gas partnership has increased its distribution, and ninth time overall. Exterran has now raised its payout by a total of 39% since it began returning cash to unitholders in early 2007.

EXLP closed Friday’s session trading at $23.18, where it now yields 8.50%.