Sunoco Logistics Partners L.P., the Philadelphia pipeline and fuel terminal operator, increased its cash distribution Tuesday for the 39th straight quarter.
The company will pay 40 cents per common unit on Feb. 13 to unit-holders of record on Feb. 9, a 5 percent increase over the previous quarter’s distribution of 38.25 cents. The boost represents a 21 percent increase over the 33.12-cent-per-unit distribution 12 months ago.
Among its projects, Sunoco Logistics is building the Mariner East pipeline to transport natural gas liquids from the Marcellus Shale region to its Marcus Hook Industrial Complex on the Delaware River.
This article was written by Andrew Maykuth from The Philadelphia Inquirer and was legally licensed through the NewsCred publisher network.