MarkWest Hydrocarbon Declares a 10% Stock Dividend and a Quarterly Cash Dividend of $0.05 Per Share
29 Ottobre 2004 - 3:59AM
PR Newswire (US)
MarkWest Hydrocarbon Declares a 10% Stock Dividend and a Quarterly
Cash Dividend of $0.05 Per Share DENVER, Oct. 28
/PRNewswire-FirstCall/ -- MarkWest Hydrocarbon, Inc. (AMEX:MWP),
today announced its Board of Directors declared a stock dividend of
one share of MarkWest's common stock for each ten shares of common
stock held by MarkWest's common stockholders. The stock dividend is
to be paid on November 19, 2004, to the stockholders of record as
of the close of business on November 9, 2004. The ex-dividend date
is November 5, 2005. The Company does not intend to issue
fractional shares, and each stockholder will be paid in cash in
lieu of fractional shares, if any, based upon the last sale price
on the record date. MarkWest Hydrocarbon, Inc. also announced that
its Board of Directors declared a quarterly cash dividend of $0.05
per share of its common stock. This represents a $0.025 per share
increase over the previous quarter's dividend. The indicated annual
rate is $0.20 per share. MarkWest's Board has declared that the
dividend is to be paid on December 6, 2004, to the stockholders of
record as of the close of business on November 24, 2004. The
ex-dividend date is November 22, 2004. MarkWest Hydrocarbon, Inc.
(AMEX:MWP) operates the business of 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 & CEO, or Jim Ivey, CFO,
or Andy Schroeder, VP and Treasurer, all of MarkWest Hydrocarbon,
Inc., +1-303-290-8700, Web site: http://www.markwest.com/
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