PBF Logistics (PBFX) Raises Quarterly Dividend 5.4% to $0.39; 7.8% Yield
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PBF Logistics Increases Quarterly Distribution to $0.39 per Unit and Announces Third Quarter 2015 Earnings Results
October 29, 2015 6:31 AM EDTNet income of $0.59 per limited partner unit Increased Quarterly Distribution to $0.39 per Unit, representing a 5.4% increase versus the previous quarter distribution and a 30.0% increase versus the Partnership's Minimum Quarterly Distribution Second Quarter Distributable Cash Flow of $22.2 million
PARSIPPANY, N.J.--(BUSINESS WIRE)-- PBF Logistics LP (NYSE:PBFX, the "Partnership") announced today third quarter 2015 net income of $20.3 million, or $0.59 per limited partner unit. During the third quarter, the Partnership generated earnings before interest, income taxes, depreciation, and amortization ("EBITDA") of $29.1 million and distributable cash flow of... More
