Cheniere Energy Partners (CQP) will raise its quarterly distribution by another 3.6 percent to $0.56 per unit in the fourth quarter of 2018.
Including the earlier distribution increases this year the MLP has raised its payout by a total of 31.8 percent in 2018.
The increased distribution will be paid on November 14, 2018 to holders of record on November 5, 2018.
A new annualized distribution of $2.32 per share yields 6.9% at a stock price of $33.64 for CQP.
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.