Dominion Midstream Partners (DM) Declares $0.2475 Quarterly Dividend; 4.1% Yield
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Dominion Midstream to Acquire Questar Pipeline
October 31, 2016 6:03 AM EDTRICHMOND, Va., Oct. 31, 2016 /PRNewswire/ --Â Dominion Midstream Partners, LP (NYSE: DM), and Dominion Resources, Inc. (NYSE: D), today announced an agreement in which Dominion Midstream will acquire Questar Pipeline, LLC, from Dominion for consideration of approximately $1.725 billion, including indebtedness of Questar Pipeline as part of the transaction value. The acquisition has an anticipated effective date of Dec. 1, 2016. The board of directors of Dominion and the board of directors and Conflicts Committee of Dominion Midstream GP, LLC, the general partner of Dominion Midstream, have approved the transaction.
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