CSI Compressco LP (CCLP) Raises Quarterly Dividend 1% to $0.50; 12.5% Yield

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Go back to CSI Compressco LP (CCLP) Raises Quarterly Dividend 1% to $0.50; 12.5% Yield

CSI Compressco LP Declares Increased Second Quarter 2015 Cash Distribution And Schedules Second Quarter 2015 Results Conference Call

July 21, 2015 6:31 AM EDT

MIDLAND, Texas, July 21, 2015 /PRNewswire/ -- CSI Compressco LP (CSI Compressco or the Partnership) (NASDAQ: CCLP) announced today that the board of directors of its general partner has declared a cash distribution attributable to the quarter ended June 30, 2015 of $0.50 per outstanding unit, or $2.00 per outstanding unit on an annualized basis. This amount is an increase of $0.005 per outstanding unit over the previous distribution of $0.495, and an increase of $0.0475 per outstanding unit over the distribution of $0.4525 ($1.81 on an annualized basis) attributable to the second quarter of 2014. This cash distribution will... More