Sprague Resources (SRLP) Raises Quarterly Dividend 2.8% to $0.5475; 8.9% Yield
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Sprague Resources LP Announces Ninth Consecutive Increased Cash Distribution for the Second Quarter of 2016 and Earnings Conference Call Schedule
July 27, 2016 6:00 AM EDTPORTSMOUTH, N.H., July 27, 2016 (GLOBE NEWSWIRE) -- Sprague Resources LP (Sprague) (NYSE: SRLP) announced today that the Board of Directors of its general partner, Sprague Resources GP LLC, has declared a cash distribution of $0.5475 per unit ($2.19 per unit on an annualized basis) for the quarter ended June 30, 2016. The second quarter distribution represents a 3% increase over the distribution declared for the quarter ended March 31, 2016 and an increase of 12% over the quarterly distribution of $0.4875 per unit paid in August 2015.
The announced distribution will be paid August 12, 2016 to unitholders of... More
