Oiltanking Partners, L.P. Increases the Distribution on Limited Partner Units
Oiltanking Partners, L.P. (NYSE: OILT), announced today that the Board of Directors of its general partner has declared a cash distribution for the fourth quarter of 2011 of $0.34 per unit, or $1.36 per unit on an annualized basis, for all of its outstanding limited partner units. For the prior quarter, the prorated distribution for the period after the closing date of Oiltanking Partners' initial public offering, July 19, 2011, through September 30, 2011 was $0.2678 per limited partnership unit, representing the minimum quarterly distribution of $0.3375 on a full quarter basis, or $1.35 on an annualized basis. The distribution will be paid on February 14, 2012 to all unitholders of record on February 3, 2012.
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