Holly Energy Partners, L.P. announced its 58th consecutive quarterly distribution increase.
The board of directors declared a cash distribution of 67 cents per unit for the first quarter of 2019. It’s two cents more than the distribution declared for the first quarter of 2018.
Holly Energy, a firm with a refinery in Tulsa as well as in Kansas, New Mexico and Utah has increased its distribution to unitholders every quarter since becoming a publicly-traded partnership in July 2004.
The distribution will be paid on May 14 to unitholders of record on April 29, 2019.
Holly also plans to release its first quarter financial earnings report on May 1 before the opening of trading on the New York Stock Exchange. A webcast conference by company management will be held later in the day at 3 p.m. central tome.
The webcast may be accessed at: https://78449.themediaframe.com/dataconf/productusers/hep/mediaframe/29217/indexl.html