Sunoco Logistics Partners (SXL) Raises Quarterly Dividend 2.2% to $0.50; 7% Yield
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Sunoco Logistics Announces Forty-Fifth Successive Quarter over Quarter Distribution Increase and Earnings Conference Call Date
July 25, 2016 4:49 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 second quarter 2016 of $0.50 per common unit ($2.00 annualized) to be paid on August 12, 2016 to unit holders of record on August 8, 2016. This represents a 14 percent increase over the second quarter 2015 cash distribution of $0.438 per common unit ($1.75 annualized). This is the forty-fifth successive quarter the Partnership has increased its distribution.
The Partnership also announced that it will hold a conference call on Thursday,... More
