TransMontaigne Partners (TLP) Raises Quarterly Dividend 2.1% to $0.725; 6.5% Yield

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Go back to TransMontaigne Partners (TLP) Raises Quarterly Dividend 2.1% to $0.725; 6.5% Yield

TransMontaigne Partners L.P. Announces $0.015 Increase in Quarterly Distribution

April 17, 2017 4:17 PM EDT

DENVER--(BUSINESS WIRE)-- TransMontaigne Partners L.P. (NYSE: TLP) announced today that it declared a distribution of $0.725 per unit for the period from January 1, 2017 through March 31, 2017, representing a $0.015 increase over the previous quarter. The distribution is payable on May 8, 2017 to unitholders of record on April 28, 2017.

This distribution, for the first quarter of 2017, is our sixth consecutive increase. It reflects a 2.1% increase over the previous quarter and a 6.6% increase over the distribution paid for the first quarter of 2016, said Fred Boutin, Chief Executive Officer of TransMontaigne Partners. This accelerated rate of distribution growth was... More