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Valero Energy Partners (NYSE: VLP) Declares First Ever Dividend

Brian Hicks

Written By Brian Hicks

Posted January 21, 2014

Just over one month after its shares went public, Texas-based pipeline and transportation company Valero Energy Partners LP announced a fourth quarter cash distribution of $0.037 per unit, prorated due to the brief amount of time the shares have been on the market. This cash distribution will pay out on February 12 to shareholders on the record by the close of the business day on January 31.

The public’s share of VLP amounts to 25.5 percent of the partnership, and common shares were valued at $23 at the time of the IPO. They closed yesterday at $33.71

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