DIVIDENDCUT.COM - News about dividend cuts and suspensions

Sprague still offers a high dividend yield with 9.3% Sprague Resources LP (SRLP) will lower its quarterly distribution by 35 percent to $0.4338 per share in Q4 of 2021. The Master Limited Partnership (MLP) had last announced a dividend hike in 2019.

Shell Midstream Partners (SHLX) will cut its quarterly dividend by almost 35% to 30 cents per share. The MLP last raised its quarterly distribution by 3.4 percent to $0.46 per unit in Q1 of 2020. The dividend cut ends five straight years of distributions paid by Shell Midstream.

CSI Compressco LP (CCLP) will lower its quarterly distribution to $0.1875 per unit.

Williams Partners (WPZ) plans to cut its quarterly distribution by almost 30 percent this quarter.

Ferrellgas Partners LP (FGP) will lower its quarterly distribution from $0.5125 to $0.10 per unit.

StoneMor Partners L.P. (STON) will lower its quarterly distribution to $0.33 per unit. Previously the dividend had been raised for 10 consecutive years. Larry Miller, President and CEO of StoneMor, commented, “As previously discussed, we are working to re-grow our sales force, increasing both its quality and size. To accomplish this, we have recently engaged a national recruiting firm, increased our in-house recruiting efforts, and hired a national vice-president of sales, all of which we expect will yield significant improvements in the months ahead. However, previous efforts to accomplish our salesforce goals have meaningfully lagged our expectations, resulting in a negative impact on our revenue. While 3rd quarter 2016 results are not yet final, preliminary data has led the General Partner and the Board of Directors to temporarily reduce the quarterly cash distribution to $0.33 per unit. This distribution level, along with previously announced cost savings measures totaling $7 m...

Martin Midstream Partners L.P. (MMLP) will lower its quarterly distribution to $0.50 per unit.

Plains GP Holdings (PAGP) will cut its quarterly distribution to $0.2065 per unit.

Plains All American Pipeline LP (PAA) will lower its quarterly distribution from $0.70 to $0.55 per unit. The last time the distribution was raised was in October 2015.

Global Partners (GLP) will lower its quarterly distribution to 46.25c.

Natural Resource Partners LP (NRP) will lower its quarterly distribution to $0.045 per unit.

Master Limited Partnership EV Energy Partners (Nasdaq: EVEP) will lower its quarterly distribution from $0.77 to $0.50 per share.

The quarterly distribution will be cut from $0.33 to $0.27 per unit.