Ferrellgas Partners (FGP) Slashes Quarterly Dividend 80.5% to $0.10; 5.5% Yield

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Go back to Ferrellgas Partners (FGP) Slashes Quarterly Dividend 80.5% to $0.10; 5.5% Yield

Ferrellgas Partners, L.P. Declares First Quarter 2017 Cash Distribution

November 22, 2016 5:15 PM EST

OVERLAND PARK, Kan., Nov. 22, 2016 (GLOBE NEWSWIRE) -- Ferrellgas Partners, L.P. (NYSE: FGP) (Ferrellgas or the Company) today announced the declaration of its first quarter cash distribution of $0.10 ($0.40 annualized rate) per partnership common unit. The distribution is payable on December 15, 2016 to common unitholders of record as of December 8, 2016.

The distribution covers the period from August 1, 2016, to October 31, 2016, the Companys first quarter of fiscal 2017.

If this distribution level is maintained throughout fiscal 2017, compared to the previous distribution level of $0.5125 per quarter ($2.05 annualized), it will provide approximately $160 million of internally generated capital on an... More