A cash dividend for the first quarter of 2018 has been declared by Holly Energy Partners, L.P., operators of refineries in Tulsa and in El Dorado, Kansas.
The cash distribution of $0.6550 per unit is a 5.6% increase over the first quarter of 2017. The company said it was “reflective of the company’s strong and stable cash generation.”
Leadership said Holly Energy has increased its distribution to unitholders every quarter since becoming a publicly-traded partnership in July 2004. This week’s increase was the 54th consecutive quarterly distribution increase.
First quarter earnings will be announced May 1 prior to the opening of trading on the New York Stock Exchange.
