UBS Cuts Price Target as Ferrellgas Partners (FGP) Cuts Distribution
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Swank Capital and Cushing® Asset Management Announce a Constituent Change to the Cushing® MLP High Income Index
November 23, 2016 10:11 AM ESTDALLAS, Nov. 23, 2016 /PRNewswire/ -- Swank Capital, LLC and Cushing® Asset Management, LP announce an upcoming interim constituent change to The Cushing® MLP High Income Index (the "Index"). Per the Index's methodology guide, a constituent change due to a distribution cut will take place on the earlier of the distribution ex-date or the last trading day of the current month. Due to the November 22, 2016, distribution cut announcement by Ferrellgas Partners, L.P. (NYSE: FGP), after the market closes on November 30, 2016, (the last trading day of November 2016) and effective December 1, 2016, Phillips 66 Partners LP... More
Ferrellgas Partners, L.P. Declares First Quarter 2017 Cash Distribution
November 22, 2016 5:15 PM ESTOVERLAND PARK, Kan., Nov. 22, 2016 (GLOBE NEWSWIRE) -- Ferrellgas Partners, L.P. (NYSE: FGP) (Ferrellgas or the Company) today announced the declaration of its first quarter cash distribution of $0.10 ($0.40 annualized rate) per partnership common unit. The distribution is payable on December 15, 2016 to common unitholders of record as of December 8, 2016.
The distribution covers the period from August 1, 2016, to October 31, 2016, the Companys first quarter of fiscal 2017.
If this distribution level is maintained throughout fiscal 2017, compared to the previous distribution level of $0.5125 per quarter ($2.05 annualized), it will provide approximately $160 million of internally generated capital on an... More
