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

|About: DCP Midstream Partners, LP (DPM)|By:, SA News Editor

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%.