Despite the basement-bottom oil prices, Blueknight Energy Partners, L.P. in Tulsa announced a quarterly cash distribution.
It wasn’t much, but the 4-cent a common unit was still a distribution in addition to the cash distribution of $0.17875 per unit on the Partnership’s preferred units for the quarter that ended March 31, 2020.
The declaration was made by the board of directors of the company’s general partner.
The first quarter 2020 distributions for both the preferred and common units remain unchanged from those paid for the fourth quarter of 2019.
The distributions are payable on May 14, 2020, on all outstanding common and preferred units to unitholders of record as of the close of business on May 4, 2020.
Source: Blueknight Energy