Copano Energy Declares Q1 Dividend

Before you go, we thought you'd like these...
Before you go close icon

Copano Energy is keeping its quarterly dividend steady, handing out $0.575 per unit on April 26 to holders of record as of April 22, the company announced this week. The company has disbursed the same amount every quarter since the beginning of 2009.

Copano's existing merger agreement with Kinder Morgan Energy Partners prohibits the firm from increasing its payout over that level while the agreement remains in effect. Copano and Kinder Morgan expect to complete the merger in May, subject to receipt of Copano unitholder approval and other closing conditions. This past January, the two firms agreed that Kinder Morgan would buy Copano for roughly $3.2 billion in an all-stock transaction.

Copano's current dividend annualizes to $2.30 per unit. That yields 5.6% at the company's current unit price of $40.81.


The article Copano Energy Declares Q1 Dividend originally appeared on

Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading