Northern Tier Energy (NTI) Declares $0.38 Quarterly Dividend; 6.1% Yield
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Northern Tier Announces Fourth Quarter 2015 Distribution of $0.38 Per Common Unit
February 3, 2016 5:26 PM ESTTEMPE, Ariz., Feb. 03, 2016 (GLOBE NEWSWIRE) -- Northern Tier Energy LP (NYSE: NTI) (Northern Tier) today announced the declaration of a cash distribution of $0.38 per common unit for the fourth quarter 2015. The distribution will be paid on February 19, 2016 to unitholders of record at the close of market on February 12, 2016.
This distribution totals $35.7 million for the fourth quarter 2015, and is net of customary reserves for cash interest expense of $7.1 million, cash income taxes paid of $3.4 million, MPL proportionate depreciation expense of $0.8 million, capital expenditures of $16.0 million, reserves for turnaround and related expenses of $7.5 million,... More
