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Stock impact report

KNOT Offshore Partners LP Announces First Quarter 2020 Cash Distribution and Provides Update on Business Operations

KNOT Offshore Partners LP Common Units representing Limited Partner Interests (KNOP) 
Company Research Source: Business Wire
ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“The Partnership”)DistributionThe Partnership announced today that its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended March 31, 2020 of $0.52 per common unit.This corresponds to $2.08 per outstanding common unit on an annualized basis.This cash distribution will be paid on May 14, 2020 to all unitholders of record as of the close of business on May 1, 2020.Business OperationsThe Partnership also announced today that, notwithstanding the global impact of the Covid-19 virus and the decline in oil prices, the Partnership has not experienced any material changes in its operations since the filing of its annual report on Form 20-F on March 19, 2020. The Partnership’s underlying business continued to perform well in the first quarter of 2020. The Partnership’s vessels operated throughout the first quarter of 2020 with 99.6% utilization for scheduled operations and Show less Read more
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