Holly Energy Partners Increases Dividend to $0.925 from $0.91
The Board of Directors of Holly Energy Partners, L.P. (NYSE: HEP) has declared a cash distribution of $0.925 per unit for the third quarter of 2012. For the prior quarter, $0.91 was distributed to unitholders. Holly Energy has increased its distribution to unitholders every quarter since becoming a public partnership in July 2004. This marks the 32nd consecutive quarterly increase. The distribution will be paid November 14, 2012, to unitholders of record November 5, 2012.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Please note that one-hundred (100.0%) percent of Holly Energy Partner's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, Holly Energy Partner's distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.
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