CorEnergy Infrastructure Trust (CORR) Raises Quarterly Dividend 3.8% to $0.135; 8% Yield

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Go back to CorEnergy Infrastructure Trust (CORR) Raises Quarterly Dividend 3.8% to $0.135; 8% Yield

CorEnergy Declares 2015 First Quarter Increase in Common Stock Dividend and Initial Preferred Stock Dividend

April 30, 2015 2:15 PM EDT

KANSAS CITY, Mo.--(BUSINESS WIRE)-- CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) ("CorEnergy" or the "Company") announced today that its Board of Directors declared the 2015 first quarter dividend of $0.135 per share (or $0.54 cents per share annualized) for CorEnergy common stock, an increase of nearly 4 percent. The first quarter common stock dividend is payable on May 29, 2015 to shareholders of record on May 15, 2015.

We are pleased to again increase our dividend, as previously announced, said CorEnergy CEO Dave Schulte. The acquisition of the MoGas Pipeline System in November supports the increase. We believe our long term, contracted revenue, which has... More