Oklahoma City’s Enable Midstream Partners, LP announced that the board of directors of its general partner declared a quarterly cash distribution of $0.16525 per unit on all outstanding common units for the quarter ended March 31, 2021.
The distribution is unchanged from the previous quarter. The quarterly cash distribution of $0.16525 per unit on all outstanding common units will be paid May 25, 2021, to unitholders of record at the close of business May 13, 2021.
Enable also announced today that the board declared a quarterly cash distribution of $0.5873 per unit on all Series A Preferred Units for the quarter ended March 31, 2021.
On Feb. 18, 2021, the Series A Preferred Units converted from a fixed annual rate of 10% to a floating rate, with the holders receiving a quarterly cash distribution based on a percentage of the stated liquidation preference equal to the sum of a three-month LIBOR rate plus 8.5%, which was 8.7375% for the relevant days in the three months ended March 31, 2021.
The quarterly cash distribution of $0.5873 on all Series A Preferred Units outstanding will be paid May 14, 2021, to unitholders of record at the close of business April 26, 2021.
Source: press release
