Buckeye Partners (BPL) Lowers Quarterly Dividend 40.6% to $0.75; 8.9% Yield

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/17/2026

1. SPY
2. EYPT
3. NVDA
4. USO
5. GNK
6. PLUR
7. MU
8. ARGX
9. AZN
10. SPCX

Go back to Buckeye Partners (BPL) Lowers Quarterly Dividend 40.6% to $0.75; 8.9% Yield

Buckeye Partners, L.P. Announces Outcome of Strategic Review

November 2, 2018 6:30 AM EDT

Takes Actions to Strengthen Balance Sheet and Improve Distribution Coverage

Reports Third Quarter 2018 Financial Results

HOUSTON, Nov. 02, 2018 (GLOBE NEWSWIRE) -- Buckeye Partners, L.P. (Buckeye) (NYSE: BPL) announced today that as a result of its strategic review it is taking several actions designed to: (1) maintain Buckeyes investment grade credit rating by reducing leverage; (2) provide increased financial flexibility, eliminating the need for Buckeye to access the public equity markets to fund annual growth capital; and (3) reallocate capital to the higher return growth... More