Quarterly distribution announced by Plains All American Pipeline

Plains All American Pipeline, L.P. , a Houston based firm with pipeline operations and offices in Norman and Cushing, Oklahoma announced a 30-cent a share distribution for the second quarter of 2018.

The distribution, which amounts to $1.20 on an annualized basis is unchanged from the first quarter of the year. The company’s Series A Preferred Units also paid a distribution of $0.525 per Series A Preferred Unit. Each of the distributions will be payable on Aug. 14, 2018 to holders of record of each security at the close of business July 31, 2018.

Plains All american Pipeline, L.P. and Plains GP Holdings will release second-quarter earnings after the close of the market on Tuesday, Aug. 7 and will hold a joint webcast on the same day at 4 p.m. CDT.