Holly Energy Partners, L.P. (HEP) Raises Quarterly Dividend 1.7% to $0.585; 6.5% Yield
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Holly Energy Partners Increases Quarterly Distribution; 47th Consecutive Quarterly Distribution Increase
July 22, 2016 4:15 PM EDTIncreases quarterly distribution to $0.585 per unit from $0.575 per unit
DALLAS--(BUSINESS WIRE)-- The Board of Directors of Holly Energy Partners, L.P. (NYSE: HEP) has declared a cash distribution of $0.585 per unit for the second quarter of 2016, a 7.3% increase compared to the $0.545 per unit distribution declared for the second 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... More
