MarkWest Hydrocarbon Declares a Quarterly Cash Dividend of $0.025 Per Share
23 Aprile 2004 - 2:01AM
PR Newswire (US)
MarkWest Hydrocarbon Declares a Quarterly Cash Dividend of $0.025
Per Share DENVER, April 22 /PRNewswire-FirstCall/ -- MarkWest
Hydrocarbon, Inc. , today announced that on April 22, 2004 its
Board of Directors declared a quarterly cash dividend of $0.025 per
share of its common stock for an implied annual rate of $0.10 per
share. MarkWest's Board has declared that the dividend is to be
paid on May 19, 2004, to the stockholders of record as of the close
of business on May 5, 2004. The ex-dividend date is May 3, 2004.
The Board announced that its objective is to maintain a regular
quarterly dividend, but that any such future declaration will be
dependent upon the financial performance of the Company. "MarkWest
is pleased to announce this quarterly dividend of $0.025 per share
of common stock," stated Frank Semple, President and CEO of
MarkWest Hydrocarbon, Inc. "The initiation of a regular dividend
speaks to the Board's confidence in the Company's financial
strength and future performance." MarkWest Hydrocarbon, Inc.
(AMEX:MWP) controls and operates MarkWest Energy Partners, L.P.
(AMEX:MWE), a publicly-traded limited partnership engaged in the
gathering, processing and transmission of natural gas; the
transportation, fractionation and storage of natural gas liquids;
and the gathering and transportation of crude oil. We also market
natural gas and NGLs. This press release includes "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. All statements other than statements of
historical facts included or incorporated herein may constitute
forward-looking statements. Although we believe that the
expectations reflected in the forward-looking statements are
reasonable, we can give no assurance that such expectations will
prove to be correct. The forward-looking statements involve risks
and uncertainties that affect our operations, financial performance
and other factors as discussed in our filings with the Securities
and Exchange Commission. Among the factors that could cause results
to differ materially are those risks discussed in our Form 10-K for
the year ended December 31, 2003. DATASOURCE: MarkWest Hydrocarbon,
Inc. CONTACT: Frank Semple, President and CEO, or Andy Schroeder,
VP and Treasurer, +1-303-290-8700, , both of MarkWest Hydrocarbon,
Inc. Web site: http://www.markwest.com/
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