Holly Energy Partners, L.P., the Dallas based firm with a refinery and storage capacity in Tulsa announced a fourth quarter cash distribution of 67 cents per share.
It was a two-cent increase from the fourth quarter of 2017 and was also the company’s 57th consecutive quarterly distribution increase since the firm went public in the summer of 2004.
Management anticipates an increase in the quarterly distribution in 2019 as well resulting in an annual distribution growth rate of 2%.
Holly Energy will announce the fourth quarter of 2018 results on Feb. 19, 2019 before the opening of trading on the New York Stock Exchange.
