Sprague Resources increases distribution by 2.4% in Q1 of 2018 Dividendhike.com | Dividend News and Statistics for US Equities

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Business	yield	Hike yrs	5 yr CAGR	freq.	paid since
Sprague Resources	ticker	dps (an.)	2024 hike	2023 hike	2022 hike
Sprague Resources	SRLP	N/A	N/A	N/A	N/A
N/A	N/A	N/A	N/A	N/A	N/A

Sprague Resources hikes distribution by 2.4%

Friday 26 January 2018

Sprague Resources (SRLP) will raise its quarterly distribution by 2.4 percent to $0.6375 per unit in the first quarter of 2018. Last year the MLP hiked its distribution by a total of 10.7 percent.

The new distribution yield for SRLP is 9.6% and today's dividend hike marks the 4th consecutive year of increases.

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.

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