Sunoco Logistics Partners (SXL) Raises Quarterly Dividend 1.9% to $0.489; 6.9% Yield
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Sunoco Logistics Announces Forty-Fourth Successive Quarter over Quarter Distribution Increase and Earnings Conference Call Date
April 28, 2016 4:16 PM EDTNEWTOWN SQUARE, Pa.--(BUSINESS WIRE)-- Sunoco Logistics Partners L.P. (NYSE: SXL) (the Partnership) today announced that Sunoco Partners LLC, its general partner, has declared a cash distribution for the first quarter 2016 of $0.489 per common unit ($1.96 annualized) to be paid on May 13, 2016 to unit holders of record on May 9, 2016. This represents a 17 percent increase over the first quarter 2015 cash distribution of $0.419 per common unit ($1.68 annualized). This is the forty-fourth successive quarter the Partnership has increased its distribution.
The Partnership also announced that it will hold a conference call on Thursday,... More
