Vanguard Natural Resources Increases Monthly Distribution

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Vanguard Natural Resources (NASDAQ: VNR  ) is pumping out a higher payout for its unit holders. The company has declared its monthly distribution for April, which is to be $0.2050 per unit, paid on June 14 to holders of record as of June 3. That amount is incrementally higher than the firm's March distribution of $0.2025. Vanguard Natural Resources had paid that amount in every month stretching back to last December. Prior to that, it handed out an even $0.20 per share.

The new distribution annualizes to $2.46 per share. That yields 8.4% at Vanguard Natural Resrouces' most recent closing stock price of $29.41.

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Related Tickers

9/29/2016 4:00 PM
VNR $1.01 Up +0.06 +6.19%
Vanguard Natural R… CAPS Rating: ***