OREANDA-NEWS. January 16, 2015. Plains All American Pipeline, L.P. (NYSE:PAA) and Plains GP Holdings (NYSE:PAGP) announced their quarterly cash distributions with respect to the fourth quarter of 2014.

The distributions will be payable on February 13, 2015 to holders of record of each security at the close of business on January 30, 2015.

PAA increased its quarterly cash distribution to USD0.675 per limited partner unit (USD 2.70 per unit on an annualized basis), which represents an increase of 9.8% over the quarterly distribution of USD 0.615 per unit (USD 2.46 per unit on an annualized basis) paid in February 2014 and an increase of 2.3% over the quarterly distribution of USD 0.66 per unit (USD 2.64 per unit on an annualized basis) paid in November 2014.

Once the February distribution is paid, PAA will have increased its quarterly distribution to limited partners in 41 out of the past 43 quarters and consecutively in each of the past 22 quarters.

PAGP increased its quarterly cash distribution to USD 0.203 per Class A share (USD 0.812 per Class A share on an annualized basis) on all of its outstanding Class A shares. This distribution represents an increase of 27% over the non-prorated quarterly distribution of USD 0.15979 per Class A share (USD 0.63914 per Class A share on an annualized basis) for February 2014 and an increase of 6.4% over the quarterly distribution of \\$0.19075 per Class A share (USD 0.763 per Class A share on an annualized basis) paid in November 2014.