Sprague Resources (SRLP) will raise its quarterly distribution to $0.6225 per unit.
The new distribution will be paid on November 13, 2017 to unitholders of record on November 6, 2017. The new distribution yield for SRLP is 9.6%.
Sprague Resources LP is engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas. The company also provides storage and handling services for a broad range of materials.