Holly Energy Partners, L.P. (HEP) Raises Quarterly Dividend 1.8% to $0.575; 6.6% Yield
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Holly Energy Partners Increases Quarterly Distribution; 46th Consecutive Quarterly Distribution Increase
April 22, 2016 4:15 PM EDTIncreases quarterly distribution to $0.575 per unit from $0.565 per unit
DALLAS--(BUSINESS WIRE)-- The Board of Directors of Holly Energy Partners, L.P. (NYSE: HEP) has declared a cash distribution of $0.575 per unit for the first quarter of 2016, a 7.0% increase compared to the $0.5375 per unit distribution declared for the first quarter of 2015. Todays distribution, reflective of the companys strong and stable cash generation, represents an acceleration in year over year distribution growth and progress towards Holly Energys 8% distribution growth target. Holly Energy has increased its distribution to unitholders every quarter since becoming a... More
