Directors of AmeriGas Propane, Inc., general partner of AmeriGas Partners, L.P. (NYSE:APU), have declared a partnership distribution of $0.67 cents per limited partnership unit, payable May 18, 2009 to unitholders of record May 8, 2009.
The increase in the regular quarterly distribution to $0.67 represents a 5% increase. The annualized distribution rate including this increase will be $2.68 per limited partnership unit. The partnership also announced that it will consider a one-time distribution in August 2009 of a portion of the proceeds of its November 2008 sale of its California propane storage terminal.
No Comment Received
Leave A Reply