Holly Energy declares dividend for 55th consecutive quarter

Holly Energy Partners, L.P., operator of a Tulsa refinery has declared a cash distribution of 66 cents per unit for the second quarter of 2018.

The Dallas-based company said it represented an increase of 4.3% from the $0.6325 distribution declared in the second quarter of 2017. It also makes the 55th consecutive quarterly distribution increase since Holly became a publicly-traded partnership in July 2004.

The latest distribution will be paid on Aug.9 to unitholders of record on July 30, 2018. Holly also plans to announce its second quarter earnings report on Aug. 1 and will hold a webcast at 3 p.m. central time that day to discuss the financial results.