By Kathryn Hardison
Energy Transfer LP increased its cash dividend to 26.5 cents per unit for the third quarter.
The dividend represents a 15% increase from the second quarter and a 70% increased from a year ago, the company said Tuesday.
The dividend will be paid on Nov. 21 to unitholders of record as of the close of business on Nov. 4.
Shares rose 1.2% to $12.19 in after-hours trading.
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Read More: Energy Transfer Raises Dividend to 26.5 Cents Per Unit