Sunoco LP’s Board of Directors of its general partner has declared a quarterly distribution for the fourth quarter of 2014 of $0.60 per unit, which corresponds to $2.40 per unit on an annualized basis.
This represents a 10% increase compared to the distribution for the third quarter of 2014 and a 24% increase compared with the fourth quarter of 2013.
The distribution will be paid on Feb. 27, 2015 to unit holders of record on Feb. 17, 2015. This represents the seventh quarterly distribution increase since the Partnership’s Initial Public Offering in September 2012.
Sunoco LP is a master limited partnership (MLP) that primarily distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors. It also operates more than 150 convenience stores and retail fuel sites. SUN’s general partner is a wholly-owned subsidiary of ETP. While primarily engaged in natural gas, natural gas liquids, crude oil and refined products transportation, ETP also operates a retail business with a network of more than 5,700 company- or independently operated retail fuel outlets and convenience stores through its wholly-owned subsidiaries, Sunoco Inc. and Stripes LLC.