Northern Tier Energy Declares Q4 Dividend

Northern Tier Energy (NYSE: NTI  ) has declared its first distribution for 2013. The company is to hand out $1.27 per unit, which will be paid on Feb. 28 to unitholders of record as of Feb. 21.

This is the second disbursement the company has made following its IPO last July. It paid out $1.48 per unit in November.

The new disbursement equates to a yield of 17% at the current share price of $29.50. The latter amount is more than double the company's IPO price of $14.


Read/Post Comments (0) | Recommend This Article (8)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2249067, ~/Articles/ArticleHandler.aspx, 4/16/2014 1:22:29 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement