Martin Midstream Partners LP (MMLP) Raises Quarterly Dividend 2.5% to $0.8125; 8.9% Yield

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Go back to Martin Midstream Partners LP (MMLP) Raises Quarterly Dividend 2.5% to $0.8125; 8.9% Yield

Martin Midstream Partners Announces Quarterly Cash Distribution Increase and Release Date of Third Quarter 2014 Results

October 23, 2014 4:05 PM EDT

KILGORE, Texas, Oct. 23, 2014 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (NASDAQ: MMLP) announced today it has declared a quarterly cash distribution of $.8125 per unit, or $3.25 per unit on an annualized basis, for the quarter ended September 30, 2014. The quarterly distribution increase is $0.02 per unit or 2.5% higher than the distribution paid in the prior quarter and 3.8% higher than the distribution paid following the third quarter ended September 30, 2013. This increased distribution is largely attributed to the acquisition of the controlling interests in Cardinal Gas Storage LLC completed during the most recent quarter. The distribution is payable on... More