Unchanged cash distribution announced by Cypress Environmental


Cypress Environmental Partners, L.P. announced Wednesday the board of directors of its general partner declared a cash distribution for the first quarter of 2020.

The cash distribution is $0.21 per limited partner common unit. This amount remains unchanged from the fourth quarter of 2019. The distribution will be payable on May 15, 2020 to all unitholders of record on May 8, 2020.

CELP said in the announcement that it will continue to evaluate its future distribution policy in light of the COVID 19 crisis and take such actions as are prudent to protect its balance sheet, which may include a temporary reduction or suspension of distributions for one or more future periods.

Source: Business Wire