Vanguard Natural Resources is pumping out a higher payout for its unit holders. The company has declared its monthly distribution for April, which is to be $0.2050 per unit, paid on June 14 to holders of record as of June 3. That amount is incrementally higher than the firm's March distribution of $0.2025. Vanguard Natural Resources had paid that amount in every month stretching back to last December. Prior to that, it handed out an even $0.20 per share.
The new distribution annualizes to $2.46 per share. That yields 8.4% at Vanguard Natural Resrouces' most recent closing stock price of $29.41.
The article Vanguard Natural Resources Increases Monthly Distribution originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Vanguard Natural Resources. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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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