Legacy Reserves LP (LGCY) Declares $0.61 Quarterly Dividend; 7.7% Yield

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Go back to Legacy Reserves LP (LGCY) Declares $0.61 Quarterly Dividend; 7.7% Yield

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

July 22, 2014 4:02 PM EDT

MIDLAND, Texas, July 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 second quarter of 2014 of $0.61 per unit, payable on August 14, 2014, to unitholders of record at the close of business on August 1, 2014. This quarterly distribution is a $0.015 increase from the prior quarter and represents an annualized distribution of $2.44 per unit. This marks the 15th consecutive increase in Legacy's quarterly distribution.

Legacy's general partner also declared a cash distribution for both its 8% Series A Fixed-to-Floating Rate... More