Plains GP Holdings (PAGP) will raise its quarterly distribution by 20.8 percent to $0.2175 per share in 2022. This follows a cut of 50.0 percent to 18 cents per share in 2020. Plains All American Pipeline also announced a similar 20.8 percent increase Today.

The next PAGP distribution will be payable on May 13, 2022 to holders of record at the close of business on April 29, 2022. A new annual rate of $0.87 per share yields 7.3% at a stock price of $11.94.

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.