DCP Midstream files to sell up to $500M in units

DCP Midstream (DPM -1.8%) has filed to sell up to $500M in common units through future offerings. (prospectus)

The midstream gas firm had $2.36B in debt at the end of Q1. Cash totaled $27M, and long-term investments $1.48B.

Shares dipped just before the close. The dividend yield is currently at 5.3%.

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