Spectra Energy Corp Announces Quarterly Dividend of $0.305 Per Share Represents an 8.9 Percent Increase
HOUSTON, Oct. 31, 2012 /PRNewswire/ -- Spectra Energy Corp (NY SE: SE) has declared a quarterly cash dividend on its common stock of $0.305 per share, which represents an 8.9 percent increase from its previous dividend level. The dividend is payable on December 10, 2012 to shareholders of record at the close of business on November 12, 2012.
"Our announcement of an almost 9 percent increase in our dividend underlines our confidence in Spectra Energy's ability to continue delivering total shareholder return through a combination of earnings and dividend growth," said Greg Ebel, president and chief executive officer, Spectra Energy Corp.
Spectra Energy Corp (NY SE: SE), a FORTUNE 500 company, is one of North America's premier natural gas infrastructure companies serving three key links in the natural gas value chain: gathering and processing, transmission and storage, and distribution. For more than a century, Spectra Energy and its predecessor companies have developed critically important pipelines and related infrastructure connecting natural gas supply sources to premium markets. Based in Houston, Texas, the company's operations in the United States and Canada include more than 19,000 miles of transmission pipeline, approximately 305 billion cubic feet of storage, as well as natural gas gathering and processing, natural gas liquids and local distribution operations. The company also has a 50 percent ownership in DCP Midstream, one of the largest natural gas gatherers and processors in the United States. Spectra Energy is a member of the Dow Jones Sustainability World and North America Indexes and the Carbon Disclosure Project's Global 500 and S&P 500 Carbon Disclosure Leadership Indexes. For more information, visit www.spectraenergy.com.
SOURCE Spectra Energy Corp