Holly Energy Partners, L.P. (HEP) Raises Quarterly Dividend 1.4% to $0.545; 7% Yield

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Holly Energy Partners Declares Quarterly Distribution; 43rd Consecutive Quarterly Distribution Increase

July 23, 2015 4:01 PM EDT

Increases quarterly distribution to $0.545 per unit from $0.5375 per unit

DALLAS--(BUSINESS WIRE)-- The Board of Directors of Holly Energy Partners, L.P. (NYSE: HEP) has declared a cash distribution of $0.545 per unit for the second quarter of 2015. This distribution, which represents a 5.8% increase over the $0.515 per unit distribution declared for the second quarter of 2014, marks the forty-third consecutive quarterly increase. Holly Energy has increased its distribution to unitholders every quarter since becoming a publicly-traded partnership in July 2004. The distribution will be paid on August 14, 2015 to unitholders of record... More