BlueKnight Energy Partners (BKEP) Lowers Quarterly Dividend 50% to $0.04; 14% Yield
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Blueknight Declares Quarterly Distributions
April 22, 2019 5:30 PM EDTOKLAHOMA CITY--(BUSINESS WIRE)-- Blueknight Energy Partners, L.P. (NASDAQ: BKEP - Common Units) (NASDAQ: BKEPP - Preferred Units) (BKEP or the Partnership), announced today that the board of directors of its general partner has declared a quarterly cash distribution on the Partnerships common units of $0.04 per common unit, as well as a cash distribution of $0.17875 per unit on the Partnerships preferred units. The reduction of the common unit distribution to $0.04 per common unit is a key step in our efforts to strengthen our balance sheet, stated Mark Hurley, CEO of the Partnership. Our previous earnings guidance, as well as our... More
