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Enviva Partners (EVA) will raise its quarterly distribution by almost eight percent to $0.615 per unit in the fourth quarter of 2017.

The increased dividend will be paid on November 29, 2017 to shareholders of record on November 15, 2017. The new distribution yield for EVA is 8.4%.

Enviva Partners, LP is a publicly traded master limited partnership that aggregates a natural resource, wood fiber, and processes it into a transportable form, wood pellets. The Partnership sells a significant majority of its wood pellets through long-term, take-or-pay agreements with creditworthy customers in the United Kingdom and Europe.