Global Partners (GLP) Raises Quarterly Dividend 1.8% to $0.6925; 8.6% Yield
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Go back to Global Partners (GLP) Raises Quarterly Dividend 1.8% to $0.6925; 8.6% Yield
July 22, 2015 8:30 AM EDT
WALTHAM, Mass.--(BUSINESS WIRE)--
Global
Partners LP (NYSE: GLP) announced today that the Board of Directors
of its general partner, Global GP LLC, has declared a quarterly cash
distribution of $0.6925 per unit ($2.77 per unit on an annualized basis)
on all of its outstanding common units for the period from April 1
through June 30, 2015. The distribution will be paid August 14, 2015... More
July 20, 2015 7:49 PM EDT
SHANGHAI, July 20, 2015 /PRNewswire/ -- GLP, the leading global provider of modern logistics facilities, today announced the establishment of the largest China-focused logistics infrastructure fund, CLF II ("the Fund"). Seven leading global institutions, including some of the world's largest national pension and sovereign wealth funds, are investing alongside GLP to develop modern logistics facilities in China. US$3.7 billion of equity has been committed to the Fund by GLP and investors, with leverage allowing for an investment capacity of US$7 billion to develop 13 million square meters ("sqm") (140 million square feet ("sq ft")) over four years. GLP... More
