Sanchez Production Partners (SPP) Raises Quarterly Dividend 3.6% to $0.4246; 12.3% Yield
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Sanchez Production Partners Increases Distribution on Common Units; Announces Distributions on Class B Preferred Units
October 31, 2016 4:45 PM EDTHOUSTON, Oct. 31, 2016 (GLOBE NEWSWIRE) -- Sanchez Production Partners LP (NYSE MKT: SPP) (SPP or the Partnership) has declared a third quarter 2016 cash distribution on its common units of $0.4246 per unit ($1.6984 per unit annualized), which represents the fourth consecutive 1.5 percent increase since the Partnerships third quarter 2015 cash distribution on common units for a 6.1 percent annualized rate of increase.
The Partnership has also declared a third quarter 2016 cash distribution of $0.45 per unit on its Class B preferred units.Â
The distributions are payable on Nov. 30, 2016 to holders of record on... More
