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Shell Midstream Partners, L.P. (SHLX) will raise its quarterly distribution by another 3.7 percent to $0.415 per unit in the second quarter of 2019.

The distribution will be paid May 15, 2019 to unitholders of record as of May 6, 2019. The new distribution yield for the MLP is 8.0% and 2019 marks the 4th consecutive year of higher distributions paid to unitholders by SHLX.

Shell Midstream Partners, headquartered in Houston, Texas, is a fee-based, growth-oriented midstream master limited partnership formed by Royal Dutch Shell to own, operate, develop and acquire pipelines and other midstream assets. Shell Midstream Partners' assets consist of pipelines, crude tank storage and terminals.