Martin Midstream Partners (MMLP) Lowers Quarterly Dividend 38.5% to $0.50; 9.2% Yield
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Martin Midstream Partners Announces Agreement to Divest of Corpus Christi Terminalling Assets & Quarterly Cash Distribution & Release Date of Third Quarter 2016 Results
October 20, 2016 4:01 PM EDTStrategic Initiatives to Achieve Cost of Capital ImprovementImproved Distribution CoverageBalance Sheet and Free Cash Flow Improvement for Reduced Leverage
KILGORE, Texas, Oct. 20, 2016 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (NASDAQ: MMLP) (MMLP or the Partnership) announced today that it has entered into a definitive agreement with NuStar Logistics, L.P. to sell certain of its terminalling assets located in Corpus Christi, Texas for gross consideration of $107 million plus the reimbursement of certain capital expenditures and prepaid items (the Transaction). Â The Partnership is selling its 900,000 barrel crude... More
