04-19-2017, 02:40 PM
Phillips 66 Partners Announces 5 Percent Increase in Quarterly Cash Distribution
HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (PSXP) (NYSE: PSXP) announces that the board of directors of its general partner declared a first-quarter 2017 cash distribution of $0.586 per common unit. This quarter’s distribution represents an increase of 5 percent over the previous quarterly distribution of $0.558 per unit and a 22 percent increase over first-quarter 2016. The distribution increase is consistent with previous guidance that the partnership expects a 30 percent compound annual distribution growth rate from the last quarter of 2013 through 2018. This is the fourteenth consecutive quarterly distribution increase since Phillips 66 Partners’ initial public offering in 2013. The first-quarter distribution is payable May 12, 2017, to unitholders of record as of May 1, 2017.
https://seekingalpha.com/pr/16803917-phi...stribution
HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (PSXP) (NYSE: PSXP) announces that the board of directors of its general partner declared a first-quarter 2017 cash distribution of $0.586 per common unit. This quarter’s distribution represents an increase of 5 percent over the previous quarterly distribution of $0.558 per unit and a 22 percent increase over first-quarter 2016. The distribution increase is consistent with previous guidance that the partnership expects a 30 percent compound annual distribution growth rate from the last quarter of 2013 through 2018. This is the fourteenth consecutive quarterly distribution increase since Phillips 66 Partners’ initial public offering in 2013. The first-quarter distribution is payable May 12, 2017, to unitholders of record as of May 1, 2017.
https://seekingalpha.com/pr/16803917-phi...stribution