Holly Energy Partners, L.P. (HEP) Raises Quarterly Dividend 1.8% to $0.565; 8.8% Yield

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Holly Energy Partners Increases Quarterly Distribution; 45th Consecutive Quarterly Distribution Increase

January 22, 2016 4:15 PM EST

Increases quarterly distribution to $0.565 per unit from $0.555 per unit

DALLAS--(BUSINESS WIRE)-- The Board of Directors of Holly Energy Partners, L.P. (NYSE: HEP) has declared a cash distribution of $0.565 per unit for the fourth quarter of 2015, a 6.6% increase compared to the $0.530 per unit distribution declared for the fourth quarter of 2014. Todays distribution, reflective of the company's strong and stable cash generation, represents an acceleration in year over year distribution growth and progress towards Holly Energys 8% distribution growth target. Holly Energy has increased its distribution to unitholders every quarter since becoming... More