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In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.
Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy
into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending
on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial
Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will
rise and fall in value pretty much the same amount as the Dow or S&P.
You can also buy ETFs that invest in other
types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few
years, so there is no shortage of ETFs to invest in.
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Thursday, July 24, 2008
Suburban Propane Partners, L.P. Declares $0.10 per Common Unit Increase in Annualized Distribution Rate to $3.20 per Common Unit
Comtex
WHIPPANY, N.J., July 24, 2008 /PRNewswire-FirstCall via COMTEX/ ----Suburban Propane Partners, L.P. (NYSE: SPH), a distributor of propane gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced that its Board of Supervisors declared the eighteenth increase (since the Partnership's recapitalization in 1999) in the Partnership's quarterly distribution from $0.775 to $0.80 per Common Unit for the three months ended June 28, 2008. The distribution equates to $3.20 per Common Unit annualized, an increase of $0.10 per Common Unit from the previous distribution rate, and a growth rate of 12.3% compared to the third quarter of fiscal 2007. The distribution at this increased rate is payable on August 12, 2008 to Common Unitholders of record as of August 5, 2008.
In announcing the increase in the distribution rate, Chief Executive Officer Mark A. Alexander said, "We are extremely pleased to declare our ninth consecutive increase in our quarterly distribution, which equates to an annualized rate of $3.20 per Common Unit and which represents more than 12% growth year-over-year. With our financial stability and strong operating platform, we are well positioned to withstand the challenging operating environment impacting our industry as a result of unprecedented high commodity prices, and we remain firmly committed to delivering sustainable, profitable growth."
Suburban Propane Partners, L.P. is a publicly traded Master Limited Partnership listed on the New York Stock Exchange. Headquartered in Whippany, New Jersey, Suburban has been in the customer service business since 1928. The Partnership serves the energy needs of approximately 1,000,000 residential, commercial, industrial and agricultural customers through approximately 300 locations in 30 states.
SOURCE Suburban Propane Partners, L.P.
http://suburbanpropane.com/
Copyright (C) 2008 PR Newswire. All rights reserved ********************************************************************** As of Sunday, 07-20-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 06-27-2008 for SPH @ $38.66. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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