HOUSTON
,
April 26, 2016
/PRNewswire/ --
Sunoco LP
(NYSE: SUN) announced that the Board of Directors of its general partner has declared a quarterly distribution for the first quarter of 2016 of
$0.8173
per common unit, which corresponds to
$3.2692
per common unit on an annualized basis. This represents a 2.0 percent increase compared to the distribution for the fourth quarter of 2015 and a 26.7 percent increase compared with the first quarter of 2015. This increase marks the twelfth consecutive quarter that
Sunoco LP
has raised its distribution.
The distribution will be paid on
May 16, 2016
to common unitholders of record on
May 6
, 2016.
Sunoco LP
(NYSE: SUN)is a master limited partnership that operates approximately 1,340 convenience stores and retail fuel sites and distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors located in 30 states at approximately 6,800 sites. Our parent --
Energy Transfer Equity, L.P.
(NYSE: ETE) -- owns SUN's general partner and incentive distribution rights. For more information, visit the
Sunoco LP
website atwww.SunocoLP.com
Qualified Notice
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat 100 percent of
Sunoco LP's
distributions to non-U.S. investors as being attributable to income that is effectively connected with a
United States
trade or business. Accordingly,
Sunoco LP's
distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
Contacts
Scott Grischow
, Senior Director – Investor Relations and Treasury
(361) 884-2463,scott.grischow@sunoco.com
Patrick Graham
, Senior Analyst – Investor Relations and Finance
(610) 833-3776,patrick.graham@sunoco.com
Dennard-Lascar Associates
Anne Pearson
(210) 408-6321,apearson@dennardlascar.com
To view the original version on PR Newswire, visit:https://www.prnewswire.com/news-releases/sunoco-lp-announces-20-increase-in-quarterly-distribution-300257122.html
SOURCE
Sunoco LP
