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8 MLP Distribution Changes You Might've Missed

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MLP companies were very active over the past few weeks in making changes to their distributions to shareholders.

Here is a roundup of eight companies that recently made changes to their cash distributions.

Increase In Distribution

Viper Energy Partners LP (NASDAQ: VNOM) announced on February 8 an increase in its fourth quarter cash distribution to $0.228 per unit from $0.20 per unit.

PBF Logistics LP (NYSE: PBFX) announced on February 11 an increase in its quarterly cash distribution to $0.41 per unit from a previous $0.39 per unit.

Sanchez Production Partners LP (NYSE: SPP) announced on February 9 an increase in its quarterly cash distribution to $0.4060 per unit, representing a 1.5 percent increase over the prior distribution.

Decrease In Distribution

Anadarko Petroleum Corporation (NYSE: APC) announced on February it has lowered its quarterly cash dividend to $0.05 per share from a previous $0.27 per share.

No Changes In Distribution

Black Stone Minerals LP (NYSE: BSM) announced on February 9 that it will maintain its quarterly distribution of $0.2625 per unit but plans on increasing the distribution to $0.2875 per unit in the second quarter of 2016.

Alerian MLP (NYSE: AMLP) announced on February 10 that its quarterly distribution of $0.2990 per unit will stay unchanged.

Suspension Of Distributions

Energen Corporation (NYSE: EGN) announced on February 11 that it will discontinue distributing a cash dividend due to "the significant decline in the market prices of oil, natural gas, and natural gas liquids."

 

Related Articles (APC + AMLP)

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Posted-In: Cash Distributions energy stocks MLP oil and gas stocks oil stocksNews Dividends

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