Sanchez Production Partners (SPP) Raises Quarterly Dividend 1.5% to $0.4060; 12.1% Yield
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Sanchez Production Partners Increases the Distribution on Its Common Units; Announces Distributions on Class A and Class B Preferred Units
February 9, 2016 4:15 PM ESTHOUSTON, TX -- (Marketwired) -- 02/09/16 -- Sanchez Production Partners LP (NYSE MKT: SPP) ("SPP" or the "Partnership") has declared a fourth quarter 2015 cash distribution on its common units of $0.4060 per unit ($1.6240 per unit annualized), which represents a 1.5% increase over the Partnership's third quarter 2015 cash distribution on common units.
The Partnership has also declared a fourth quarter 2015 paid-in-kind distribution of 2.5% on its Class A preferred units and a fourth quarter 2015 prorated cash distribution of $0.3815 per unit on its Class B preferred units.
The distributions are payable on Feb. 29, 2016 to holders of record on Feb. 19, 2016.
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