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Plains GP Holdings (PAGP) will hike its quarterly distribution by 20.0 percent to $0.36 in the second quarter of 2019. This follows distribution cuts by PAGP in both 2016 and 2017.

All distributions (attributable to common units, Class A shares and Preferred Units) will be payable on May 15, 2019 to holders of record at the close of business on May 1, 2019. A new annual rate of $1.44 yields 5.8% at current prices.

Plains GP Holdings is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America. PAGP is headquartered in Houston, Texas.