Cash Distribution. Buckeye also announced today that its general partner declared a cash distribution of $1.0875 per limited partner unit ("LP Unit") for the quarter ended December 31, 2013. The distribution will be payable on February 25, 2014, to unitholders of record on February 18, 2014. This cash distribution represents a 4.8 percent increase over the $1.0375 per LP Unit distribution declared for the fourth quarter of 2012. For 2013, Buckeye declared distributions of $4.275 LP Unit, which represents a 3.0 percent increase over the $4.15 per LP Unit for 2012. Buckeye has paid cash distributions in each quarter since its formation in 1986.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.