The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire

Spectra Energy Corp Announces Quarterly Dividend of $0.28 Per Share

Tuesday, October 25, 2011

Spectra Energy Corp Announces Quarterly Dividend of $0.28 Per Share16:10 EDT Tuesday, October 25, 2011Represents a 7.7 Percent IncreaseHOUSTON, Oct. 25, 2011 /PRNewswire/ -- Spectra Energy Corp (NYSE: SE) has declared a quarterly cash dividend on its common stock of $0.28 per share, which represents a 7.7 percent increase from its previous dividend level. The dividend is payable on December 12, 2011, to shareholders of record at the close of business on November 11, 2011.(Logo: )"The Board's approval of an almost 8 percent increase in our dividend underlines our confidence in Spectra Energy's ability to continue delivering solid earnings and dividend growth. Our management team, the board and our shareholders are aligned in highly valuing a robust and growing dividend," said Greg Ebel, president and chief executive officer, Spectra Energy Corp."With the exciting outlook for natural gas infrastructure demand in the coming years and the resulting opportunities this will create for Spectra Energy, we expect to deliver consistent growth in our annual dividend," Ebel said.Spectra Energy Corp (NYSE: 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 approximately 19,100 miles of transmission pipeline, more than 305 billion cubic feet of storage, as well as natural gas gathering and processing, natural gas liquids operations and local distribution assets. 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 U.S. S&P 500 Carbon Disclosure Project's Carbon Disclosure Leadership Index. For more information, visit Spectra Energy CorpFor further information: Media: Wendy Olson, +1-713-627-4072, +1-713-627-4747 (24-hour media line), Analysts: John Arensdorf, +1-713-627-4600