Sprague Resources (SRLP) Raises Quarterly Dividend 3% to $0.5175; 11% Yield

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Go back to Sprague Resources (SRLP) Raises Quarterly Dividend 3% to $0.5175; 11% Yield

Sprague Resources LP Announces Increased Cash Distribution for the Fourth Quarter of 2015

January 27, 2016 6:00 AM EST

PORTSMOUTH, N.H., Jan. 27, 2016 (GLOBE NEWSWIRE) -- Sprague Resources LP (Sprague) (NYSE: SRLP) announced today that the Board of Directors of its general partner, Sprague Resources GP LLC, has declared a cash distribution of $0.5175 per unit ($2.07 per unit on an annualized basis) for the quarter ended December 31, 2015.  The fourth quarter distribution represents a 3% increase over the distribution declared for the quarter ended September 30, 2015 and an increase of 13% over the quarterly distribution of $0.4575 per unit paid in February 2015.

The announced distribution will be paid February 12, 2016 to unitholders of record as of the close... More