UPDATE: Holly Energy Partners, L.P. (HEP) Raises Quarterly Dividend 1.7% to $0.595; 7.1% Yield
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Holly Energy Partners Increases Quarterly Distribution; 48th Consecutive Quarterly Distribution Increase
October 21, 2016 4:15 PM EDTIncreases quarterly distribution to $0.595 per unit from $0.585 per unit
DALLAS--(BUSINESS WIRE)-- The Board of Directors of Holly Energy Partners, L.P. (NYSE: HEP) has declared a cash distribution of $0.595 per unit for the third quarter of 2016, a 7.2% increase compared to the $0.555 per unit distribution declared for the third quarter of 2015. Todays distribution, reflective of the companys strong and stable cash generation, represents our commitment in achieving an 8% distribution growth target. Holly Energy has increased its distribution to unitholders every quarter since becoming a publicly-traded partnership in July 2004, with todays distribution... More
