NuStar Energy L.P. (NS)

[Scotttrader80]

The divies almost cut in half

Additionally, on February 8, 2018, and in anticipation of the merger, the Partnership announced that management of the Partnership anticipated recommending to the Partnership’s board of directors, and the board of directors expects to adopt, a reset of its quarterly distribution per common unit to $0.60 ($2.40 on an annualized basis), starting with the first-quarter distribution payable in May 2018. After giving effect to the issuance of Partnership common units in connection with the merger, this distribution reset is anticipated to reduce annual distribution outflow by approximately $200 million per year.

what a kick in the teeth!