Sanchez Production Partners (SPP) Raises Quarterly Dividend 1.5% to $0.4121; 17% Yield
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Sanchez Production Partners Increases Distribution on Common Units; Announces Distributions on Class B Preferred Units
May 10, 2016 5:20 PM EDTHOUSTON, TX -- (Marketwired) -- 05/10/16 -- Sanchez Production Partners LP (NYSE MKT: SPP) ("SPP" or the "Partnership") has declared a first quarter 2016 cash distribution on its common units of $0.4121 per unit ($1.6484 per unit annualized), which represents a second consecutive 1.5% increase since the Partnership's third quarter 2015 cash distribution on common units.
The Partnership has also declared a first quarter 2016 cash distribution of $0.45 per unit on its Class B preferred units.
The distributions are payable on May 31, 2016 to holders of record on May 20, 2016.
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