Friday, April 29, 2016 3:02:29 PM
Angeliki Frangou, Chairman and Chief Executive Officer of Navios Midstream stated “We are pleased to report our results for the first quarter of 2016, in which we recorded $17.7 million of EBITDA and $7.5 million of net income, representing increases of 40.2% and 18.7%, respectively, over the first quarter of 2015. We also announced a distribution of $0.4225 per unit, representing an annualized distribution of $1.69 per unit and a current yield of 13.9%.”
Cash Distribution
The Board of Directors of Navios Midstream declared a cash distribution for the first quarter of 2016 of $0.4225 per unit. The cash distribution is payable on May 12, 2016 to unitholders of record as of May 6, 2016.
http://ih.advfn.com/p.php?pid=nmona&article=71288484
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