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.
The article TransMontaigne Partners Keeping Dividend Steady originally appeared on Fool.com.Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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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