Cheniere Energy Partners (CQP) will raise its quarterly distribution by another 1.8 percent to $0.56 per unit in the third quarter of 2018.
Including the Q1 and Q2 distribution increases the MLP has raised its payout by 27.3 percent in 2018. The next distribution is payable on August 14, 2018 to unitholders of record as of August 6, 2018.
The new distribution yield for the MLP is 6.1% and the annual distribution has been raised for two consecutive years now.
Cheniere Energy Partners, L.P. (Cheniere Partners) is a Delaware limited partnership formed by Cheniere Energy, Inc. Through wholly owned subsidiaries, it owns and operates the Sabine Pass LNG receiving terminal and the Creole Trail Pipeline located in western Cameron Parish, Louisiana on the Sabine-Neches Waterway. Cheniere Partners has been paying quarterly distributions since 2007.