Martin Midstream Partners L.P. Declares Quarterly Cash Distribution, Payable on February 14, 2017
January 19, 2017 at 04:01 pm
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Martin Midstream Partners L.P. announced it has declared a quarterly cash distribution of $0.50 per unit, or $2.00 per unit on an annualized basis, for the quarter ended December 31, 2016. The quarterly distribution is unchanged from the distribution paid following the previous quarter. The distribution is payable on February 14, 2017 to common unitholders of record as of the close of business on February 7, 2017. The ex-dividend date for the cash distribution is February 3, 2017.
Martin Midstream Partners L.P. is engaged in providing specialty services to independent oil and gas companies, independent refiners, and chemical companies. Its operations are primarily focused on the Gulf Coast region of the United States. Its segments include Terminalling and Storage, Transportation, Sulfur services and Specialty products. It owns or operates over 12 marine shore-based terminal facilities and nine specialty terminal facilities located primarily in the Gulf Coast region. Its Transportation segment operates a fleet of both land transportation and marine transportation assets that transport petroleum products and by-products, petrochemicals, and chemicals. It processes and distributes sulfur produced by oil refineries primarily located in the Gulf Coast region. The Specialty Products segment specializes in the marketing, distribution, and transportation services for natural gas liquids, as well as blending and packaging services for specialty lubricants and grease.