With crude oil gathering and storage operations in Oklahoma, Dallas-based Holly Energy Partners, L.P. announced an increase of its quarterly dividend for the 56th consecutive quarter.
The company declared a cash dividend of 66 cents a share for the third quarter of 2018 which was a 3.1% increase over the third quarter 64 cent dividend declared a year ago. The consecutive increased dividends have occurred since Holly became a publicly-traded partnership in July 2004.
The distribution will be paid Nov. 8, 2018 to unitholders of record on Oct. 29, 2018.
Holly Energy also plans to announce its earnings report for the third quarter on Oct. 30 before the opening of trading on the New York Stock Exchange. It will hold a webcast at 3 p.m. later the same day.
Among Holly’s refineries are those in Tulsa and in El Dorado, Kansas.