Sprague Resources LP Announces Fourteenth Consecutive Increased Cash Distribution for the Third Quarter of 2017 and Earnings Conference Call Schedule
Sprague Resources LP Common Units representing Limited Partner Interests (SRLP)
Last sprague resources lp common units representing limited partner interests earnings: 3/5 06:00 am
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US:NYSE Investor Relations:
spragueenergy.com/investor-relations
Company Research
Source: GlobeNewswire
PORTSMOUTH, N.H., Oct. 26, 2017 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague”) (NYSE:SRLP) announced today that the Board of Directors of its general partner, Sprague Resources GP LLC, has declared a cash distribution of $0.6225 per unit ($2.49 per unit on an annualized basis) for the quarter ended September 30, 2017. The third quarter distribution represents a 2% increase over the distribution declared for the quarter ended June 30, 2017 and an increase of 11% over the quarterly distribution of $0.5625 per unit paid in November 2016. The announced distribution will be paid on November 13, 2017 to unitholders of record as of the close of business on November 6, 2017. “I am pleased to announce that Sprague has again increased distributions to our unitholders,” said David Glendon, President and Chief Executive Officer. “We remain confident that our distributions will continue to grow by $0.015 per unit, per quarter at least through the end of 2019.” Sprague will release its
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