Energy Transfer LP will increase its quarterly cash distribution to approximately $0.32 per Energy Transfer common unit—$1.27 on an annualized basis—for the first quarter ended March 31, 2024.

The increase is $0.01—or about 3.3% more—than first-quarter 2023, according to Energy Transfer’s dividend history.

This cash distribution per Energy Transfer common unit will be paid on May 20 to unitholders of record as of the close of business on May 13.