Phillips 66 Partners Declares Quarterly Cash Distribution
Get Alerts PSXP Hot Sheet
Join SI Premium – FREE
HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces that the board of directors of its general partner declared a second-quarter 2021 cash distribution of $0.875 per common unit, or $3.50 per unit on an annualized basis. The quarterly distribution is payable Aug. 13, 2021, to unitholders of record as of July 30, 2021.
About Phillips 66 Partners
Headquartered in Houston, Phillips 66 Partners is a growth-oriented master limited partnership formed by Phillips 66 to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum products and natural gas liquids pipelines, terminals and other midstream assets. For more information, visit www.phillips66partners.com.
TAX CONSIDERATIONS
This release is intended to be a qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100% of Phillips 66 Partners LP’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Phillips 66 Partners LP’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate. Nominees, and not Phillips 66 Partners LP, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210720006147/en/
Jeff Dietert (investors)
832-765-2297
[email protected]
Shannon Holy (investors)
832-765-2297
[email protected]
Thaddeus Herrick (media)
855-841-2368
[email protected]
Source: Phillips 66 Partners LP
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ICE Announces Record Trading Activity in Murban Crude as ICE Futures Abu Dhabi Marks Third Anniversary
- ARGAN: Mr. Aymar de GERMAY is appointed at the Executive Board of ARGAN
- China's Yiwu Establishes Welcoming Committee to Attract International Buyers
Create E-mail Alert Related Categories
Business Wire, Press ReleasesRelated Entities
Crude Oil, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!