Green Plains Partners LP (GPP) Lowers Quarterly Dividend 74.7% to $0.12; 8.6% Yield

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Green Plains Partners Reduces Quarterly Distribution

April 16, 2020 5:04 PM EDT

OMAHA, Neb., April 16, 2020 (GLOBE NEWSWIRE) -- Green Plains Partners LP (NASDAQ: GPP) announced today that the board of directors of its general partner reduced the quarterly cash distribution by 75% to $0.12 per unit on all of its outstanding common units, or $0.48 per unit on an annualized basis, for the first quarter of 2020. This reduction will free up approximately $33.8 million annually, which the company intends to use to reduce debt. The distribution is... More