TransMontaigne Partners (TLP) Raises Quarterly Dividend 1.5% to $0.68; 7.2% Yield

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Go back to TransMontaigne Partners (TLP) Raises Quarterly Dividend 1.5% to $0.68; 7.2% Yield

TransMontaigne Partners L.P. Announces Increase in Quarterly Distribution

April 18, 2016 8:31 AM EDT

DENVER--(BUSINESS WIRE)-- TransMontaigne Partners L.P. (NYSE: TLP) announced today that it declared a distribution of $0.68 per unit for the period from January 1, 2016 through March 31, 2016, representing a $0.01 increase over the previous quarter and the second consecutive quarter the distribution has been increased. This distribution is payable on May 9, 2016 to unitholders of record on April 29, 2016.

Fred Boutin, CEO of TransMontaigne Partners, commented, The distribution increases in each of our last two quarters are reflective of the strength of our business, a balance sheet that is positioned for future growth and a supportive general... More