Enviva Partners (EVA) will raise its quarterly distribution by almost one percent to $0.535 per unit in the first quarter of 2017.

The quarterly distribution will be paid on Tuesday, February 28, 2017, to unitholders of record as of the close of business on Wednesday, February 15, 2017.

"With this quarter's distribution, we will distribute $2.10 per unit for 2016, consistent with our guidance for the year," said John Keppler, Chairman and Chief Executive Officer. "We expect our track record of consistent quarter-over-quarter distribution increases to continue as we deliver on our previously announced guidance of at least $2.35 per unit for the full year of 2017."

Enviva Partners, LP is a producer of wood pellets. The master limited partnership sells a significant majority of its wood pellets in the United Kingdom and Europe and owns and operates wood pellets plants in Virginia, North Carolina, Mississippi, and Florida. In addition, the Partnership owns a deep-water marine terminal at the Port of Chesapeake, Virginia, which is used to export wood pellets. Enviva Partners also exports pellets through the ports of Wilmington, North Carolina, Mobile, Alabama and Panama City, Florida.