TransMontaigne Partners (TLP) Raises Quarterly Dividend 1.4% to $0.70; 6.9% Yield

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Go back to TransMontaigne Partners (TLP) Raises Quarterly Dividend 1.4% to $0.70; 6.9% Yield

TransMontaigne Partners L.P. Announces Increase in Quarterly Distribution

October 17, 2016 8:10 AM EDT

DENVER--(BUSINESS WIRE)-- TransMontaigne Partners L.P. (NYSE: TLP) announced today that it declared a distribution of $0.70 per unit for the period from July 1, 2016 through September 30, 2016, representing a $0.01 increase over the previous quarter. The distribution is payable on November 7, 2016 to unitholders of record on October 31, 2016.

Over the last year, we have increased the amount paid to our common unitholders over 5%, said Fred Boutin, Chief Executive Officer of TransMontaigne Partners. This steady growth in our distribution is due to the quality of our refined product terminals and recent re-contracting success across a significant portion of... More