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jugs

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jugs

Re: None

Monday, 04/24/2017 9:25:48 PM

Monday, April 24, 2017 9:25:48 PM

Post# of 8177
Much as I wish I didn't have to be the bearer of unpleasant news, somebody's got to do it.

It was announced a couple of hours ago that the same 39¢ quarterly distribution will be paid for the quarter pending as well as the remaining quarters throughout 2017. The company acknowledged that this continues to be a difficult time for energy companies.

On the bright side: coverage amounts to 1.3 meaning that they COULD pay about a third more but the BOD has determined it would be wise to hold back at this time.



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