Shell Midstream Partners (SHLX) Raises Quarterly Dividend 4.7% to $0.40; 8.1% Yield

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Go back to Shell Midstream Partners (SHLX) Raises Quarterly Dividend 4.7% to $0.40; 8.1% Yield

Shell Midstream Partners, L.P. Declares 4.7% Increase in Quarterly Distribution

January 24, 2019 8:30 AM EST

Houston, Jan. 24, 2019 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) announces that the Board of Directors of its general partner declared a cash distribution of $0.4000 per limited partner unit for the fourth quarter of 2018.  This represents an increase of 4.7 percent over the previous quarterly distribution of $0.3820 per unit and a 20.1 percent increase over the distribution paid with respect to the fourth quarter of 2017.  With this distribution increase, the partnership has achieved its distribution guidance for 2018. The distribution will be paid... More