Legacy Reserves LP (LGCY) Declares $0.595 Quarterly Dividend; 9.1% Yield

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Go back to Legacy Reserves LP (LGCY) Declares $0.595 Quarterly Dividend; 9.1% Yield

Legacy Reserves LP Announces Cash Distributions and Schedules Conference Call to Report First Quarter 2014 Results

April 22, 2014 7:23 PM EDT

MIDLAND, Texas, April 22, 2014 (GLOBE NEWSWIRE) -- Legacy Reserves LP ("Legacy") (Nasdaq: LGCY) today announced that the Board of Directors of its general partner has approved a cash distribution attributable to the first quarter of 2014 of $0.595 per unit, payable on May 15, 2014, to unitholders of record at the close of business on May 2, 2014. This quarterly distribution is a $0.005 increase from the prior quarter and represents an annualized distribution of $2.38 per unit. This marks the 14th consecutive increase in Legacy's quarterly distribution.

The Board of Directors of Legacy's general partner also declared a cash distribution for its 8.0%... More