Andeavor Logistics LP (ANDX) Declares $1.03 Quarterly Dividend; 9.5% Yield

Andeavor Logistics LP (NYSE: ANDX) declared a quarterly dividend of $1.03 per share, or $4.12 annualized.

The dividend will be payable on November 14, 2018, to stockholders of record on November 5, 2018, with an ex-dividend date of November 2, 2018.

The annual yield on the dividend is 9.5 percent.

"We are evaluating the financial business plans of ANDX, including the partnership's distribution policies, with the intent to move toward practices that are more consistent with the general partner's approach on MPLX LP (MPLX)," stated Gary Heminger, who became chairman and chief executive officer of ANDX upon the closing of Marathon Petroleum Corp.'s ( MPC) combination with Andeavor. "This approach will include meaningfully higher distribution coverage, leverage levels at or below 4.0x debt-to-EBITDA*, no planned public equity issuances, and independent sustainability with limited parent support."

For a dividend history and other dividend-related data on Andeavor Logistics LP (ANDX) click here.

You May Also Be Interested In

• Pegasystems (PEGA) Declares $0.083 Special Dividend; 0.2% Yield
• Xylem (XYL) Declares $0.43 Quarterly Dividend; 1.4% Yield
• Atmus Filtration Technologies (ATMU) Raises Quarterly Dividend 9.1% to $0.06; 0.5% Yield