Calumet Specialty Products Partners, L.P. (Nasdaq: CLMT) (“Partnership” or “Calumet”) today announced an increase in its quarterly cash distribution to $0.65 per unit ($2.60 per unit on an annualized basis) for the quarter ended December 31, 2012 on all of its outstanding limited partner units. The distribution will be paid on February 14, 2013 to holders of record of such units at the close of business on February 4, 2013. This distribution represents an increase of 4.8% over the quarterly distribution of $0.62 per unit ($2.48 per unit on an annualized basis) paid in November 2012 for the third quarter of 2012 and a 22.6% increase over the fourth quarter of 2011.
In addition, the Partnership will report earnings for the fourth quarter of 2012 on Wednesday, February 13, 2013 before the market opens.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted in: News, Dividends