Hi-Crush Partners (HCLP) Raises Quarterly Dividend 12.5% to $0.225; 7.6% Yield
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Hi-Crush Partners LP Announces Increase in Distribution to $0.225 per Unit for the First Quarter of 2018, Provides Unit Buyback Program Update
April 19, 2018 4:15 PM EDTHOUSTON, April 19, 2018 (GLOBE NEWSWIRE) -- Hi-Crush Partners LP (NYSE: HCLP), or "Hi-Crush" or the "Partnership", announced today that the Board of Directors of its general partner has declared a quarterly cash distribution of $0.225 per unit on all common units, or $0.90 on an annualized basis, for the first quarter of 2018.
"Our business continues to benefit from a steady strengthening of demand for frac sand," said Laura C. Fulton, Chief Financial Officer of Hi-Crush. "The strong underlying market fundamentals we experienced in the first quarter, and our outlook... More
