Buckeye Partners L.P. (BPL) Raises Quarterly Dividend 1.2% to $1.025; 6.2% Yield

Buckeye Partners L.P. (NYSE: BPL) declared a quarterly dividend of $1.025 per share, or $4.1 annualized. This is a 1.2% increase from the prior dividend of $1.0125.

The dividend will be payable on November 30, 2011, to stockholders of record on November 14, 2011, with an ex-dividend date of November 10, 2011.

The annual yield on the dividend is 6.2 percent.

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