Whippany-based Suburban Propane Partners L.P., a national distrubitor of propane, fuel oil and related products and services, announced Thursday that its board of supervisors declared a new quarterly distribution.
According to the announcement, the distribution of 87.5 cents per unit is for the first quarter that ended on March 29, 2014. The distribution equates to an annualized rate of $3.50 per unit. The distribution is payable on May 13, 2014 to common unitholders of record as of May 6, 2014.
ALSO ON NJBIZ: