Phillips 66 Partners Increases Quarterly Cash Distribution
Phillips 66 Partners LP Common Units representing limited partner interest in the Partnership (PSXP)
Last phillips 66 partners lp common units representing limited partner interest in the partnership earnings: 5/1 07:20 am
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US:NYSE Investor Relations:
phillips66partners.com
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces that the board of directors of its general partner declared a first-quarter 2019 cash distribution of $0.845 per common unit, an increase of one cent per common unit from the fourth quarter of 2018. This is the twenty-second consecutive quarterly distribution increase since Phillips 66 Partners’ initial public offering in 2013 and represents an 18% increase compared to the first quarter 2018 distribution. The quarterly distribution is payable May 14, 2019, to unitholders of record as of April 30, 2019. Phillips 66 Partners is committed to a competitive and growing distribution that is balanced with strong coverage and leverage ratios. The Partnership’s strong financial position allows it to reward unitholders with increasing distributions while funding organic growth projects. About Phillips 66 Partners Headqua
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