Suburban Propane Partners, L.P. Declares Annualized Distribution Rate of $3.40 per Unit

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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Ex-Date
ticker
name
Dividend
Yield
Announced
Record
Payable
Posted In: NewsDividendsUtilities
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!