EV Energy Partners (EVEP) Lowers Quarterly Dividend 85% to $0.075; Yields 14.2%

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Go back to EV Energy Partners (EVEP) Lowers Quarterly Dividend 85% to $0.075; Yields 14.2%

EV Energy Partners Announces Reduction of Quarterly Cash Distribution to $0.075 Per Unit and Schedules Fourth Quarter and Full Year 2015 Earnings Release Conference Call

January 25, 2016 4:05 PM EST

HOUSTON, Jan. 25, 2016 /PRNewswire/ -- EV Energy Partners, L.P. (Nasdaq: EVEP) today announced a cash distribution attributable to the fourth quarter of 2015 of $0.075 per unit, or $0.30 on an annualized basis, for all of its outstanding units. The distribution will be payable on February 12, 2016, to unit holders of record at the close of business on February 5, 2016.  This distribution represents a $0.425 per unit reduction from the prior quarterly distribution. 

"Currently, we have liquidity in excess of $375 million, and we anticipate generating free cash flow in the coming year.  However,... More