Sprague Resources (SRLP) Declares $0.6675 Quarterly Dividend; 10.5% Yield

Sprague Resources (NYSE: SRLP) declared a quarterly dividend of $0.6675 per share, or $2.67 annualized.

The dividend will be payable on November 13, 2018, to stockholders of record on November 6, 2018, with an ex-dividend date of November 5, 2018.

The annual yield on the dividend is 10.5 percent.

“While I’m proud of our strong track record of consistent distribution growth, we believe it’s prudent to re-evaluate the best use of capital in the current market environment,” said David Glendon, President and Chief Executive Officer. “Sprague continues to see compelling growth projects, and we expect to maintain our practice of funding these initiatives with our credit facility and internally generated cash flow.”

For a dividend history and other dividend-related data on Sprague Resources (SRLP) click here.

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