TransMontaigne Partners Keeping Dividend Steady
Oct 14th 2013 4:32PM
Updated Oct 14th 2013 4:34PM
Oil and petroleum storage and transportation business TransMontaigne Partners (NYSE: TLP) will keep its distribution amount steady this quarter at $0.65 per share.
The company has paid the same amount since June 2013, after upping the payout by a penny. TransMontaigne's latest dividend will be payable on Nov. 7 to shareholders of record as of Oct. 31.
On an annualized basis, TransMontaigne's quarterly distribution adds to $2.64. As of the market close on Monday, the company's stock was trading at $41.30, which means TransMontaigne currently has a 6.3% dividend yield.
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