Suburban Propane Partners, L.P. SPH today announced that its Board of Supervisors declared the 27th increase (since the Partnership's recapitalization in 1999) in the Partnership's quarterly distribution from $0.845 to $0.85 per Common Unit for the three months ended September 25, 2010.
This represents the Partnership's 18th consecutive increase in the quarterly distribution rate, which equates to an annualized rate of $3.40 per Common Unit, an increase of $0.02 per Common Unit from the previous distribution rate, and a growth rate of 2.4% compared to the fourth quarter of fiscal 2009.
The distribution at this increased rate is payable on November 9, 2010 to Common Unitholders of record as of November 2, 2010.
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