Northern Tier Energy Declares Q4 Dividend

Northern Tier Energy has declared its first distribution for 2013. The company is to hand out $1.27 per unit, which will be paid on Feb. 28 to unitholders of record as of Feb. 21.

This is the second disbursement the company has made following its IPO last July. It paid out $1.48 per unit in November.

The new disbursement equates to a yield of 17% at the current share price of $29.50. The latter amount is more than double the company's IPO price of $14.

The article Northern Tier Energy Declares Q4 Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in Northern Tier Energy. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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