HOUSTON
,
Jan. 26, 2016
/PRNewswire/ --
Sunoco LP
(NYSE: SUN) announced that the Board of Directors of its general partner has declared a quarterly distribution for the fourth quarter of 2015 of
$0.8013
per common unit, which corresponds to
$3.2052
per common unit on an annualized basis. This represents a 7.5 percent increase compared to the distribution for the third quarter of 2015 and a 33.6 percent increase compared with the fourth quarter of 2014. This increase marks the eleventh consecutive quarter that
Sunoco LP
has raised its distribution.
The distribution will be paid on
February 16, 2016
to common unitholders of record on
February 5
, 2016.
About
Sunoco LP
Sunoco LP
(NYSE: SUN) is a master limited partnership that operates more than 850 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, both directly as well as through its 31.58 percent interest in
Sunoco, LLC
, in partnership with an affiliate of
Energy Transfer beplay88网棋牌 s, L.P.
(NYSE: ETP). SUN's general partner is owned by
Energy Transfer Equity, L.P.
(NYSE: ETE). 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
, Director – Investor Relations and Treasury
(361) 884-2463,scott.grischow@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-75-increase-in-quarterly-distribution-300209737.html
SOURCE
Sunoco LP