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Re: bar1080 post# 303

Monday, 03/23/2020 8:29:01 AM

Monday, March 23, 2020 8:29:01 AM

Post# of 978
DCP Midstream to cut 2020 capex by 75%, slashes dividend

DCP Midstream (NYSE:DCP) cuts its 2020 growth capital program by 75% to $150M, down from its previous guidance midpoint of $600M, and chops its quarterly distribution in half to $0.39/unit from $0.78/unit, in response to "extraordinary and volatile market conditions."

One by One down they go.... DCP Still a pretty good dividend for a new bee longer term holders been wiped out!

---The Happy Trader

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