Shell Midstream Partners (SHLX) Raises Quarterly Dividend 3.4% to $0.46; 8.5% Yield

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Go back to Shell Midstream Partners (SHLX) Raises Quarterly Dividend 3.4% to $0.46; 8.5% Yield

Shell Midstream Partners, L.P. Declares 3.4% Increase in Quarterly Distribution

January 23, 2020 8:31 AM EST

Houston, Jan. 23, 2020 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) announces that the Board of Directors of its general partner declared a cash distribution of $0.4600 per limited partner unit for the fourth quarter of 2019. This represents an increase of 3.4 percent over the previous quarterly distribution of $0.4450 per unit and a 15.0 percent increase over the distribution paid with respect to the fourth quarter of 2018. The distribution will be paid February 14, 2020 to unitholders of record as of February 3, 2020.  

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