Plains All American Pipeline, L.P. and Plains GP Holdings announced their quarterly distributions with respect to the third quarter of 2020.
PAA announced a quarterly cash distribution of $0.18 per common unit ($0.72 per unit on an annualized basis), which is unchanged from the distribution paid in August 2020.
PAGP announced a corresponding quarterly cash distribution of $0.18 per Class A share ($0.72 per Class A share on an annualized basis), which is unchanged from the distribution paid in August 2020.
With respect to PAA’s Series A Preferred Units, PAA announced a quarterly cash distribution of $0.525 per Series A Preferred Unit, or $2.10 on an annualized basis. Each of these distributions will be payable on November 13, 2020 to holders of record of each security at the close of business on October 30, 2020.
For its Series B Preferred Units, PAA announced a semi-annual distribution of $30.625 per Series B Preferred Unit, which will be payable on November 16, 2020 to holders of record at the close of business on November 2, 2020.
Source: BusinessWire
