Buckeye Ups Distribution for 30th Consecutive Quarter
Buckeye Partners, L.P. (BPL) declared a quarterly distribution of $1.025 per unit late Friday, pushing its payout higher by 1.2%. The partnership has now raised its distribution in 30 consecutive quarters.
BPL closed the week trading at $66.60, where it now yields 6.16%.
In addition to its quarterly streak, Buckeye has also managed to improve its annual distribution total every year dating back to 1996.
READ MORE ABOUT: BPLSTAY UPDATED VIA: Twitter, StockTwits, RSS, E-Mail