Oiltanking Partners Initiates Distribution, Yields 5%
Oiltanking Partners (OILT) has declared a quarterly distribution of $0.2678 per unit, a first for the master limited partnership.
The amount is prorated to accommodate for Oiltanking’s IPO, which took place on July 19, and is equivalent to a full-quarter distribution of $0.3375 per unit.
OILT closed the week trading at $25.63, where a quarterly distribution of $0.3375 per unit produces a 5.27% yield.
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