Plains All American Pipeline, L.P is a publicly traded master limited partnership (“MLP”). As an MLP, PAA makes quarterly distributions of its available cash to its Unitholders. Since its initial public offering in 1998, PAA has increased its quarterly distribution by 204% to its current level (as of the May distribution) of $0.685 per unit, or $2.74 per unit on an annualized basis. It is PAA's goal to increase its distribution to Unitholders over time through a combination of organic and acquisition-oriented growth. PAA has set a target to grow its distribution by approximately 7% from its November 2014 distribution through its November 2015 distribution. PAA's common units are traded on the New York Stock Exchange under the symbol "PAA." Investors in PAA receive a K-1.
To learn more about our publicly traded general partner, Plains GP Holdings (NYSE: PAGP), please click here.