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Memorial Production Partners Declares Fresh Distribution; Q2 Results Date Announced

Memorial Production Partners (NASDAQ: MEMP  ) is keeping its shareholder payout level for now. The company has declared a distribution of $0.5125 per partnership unit, to be paid on Aug. 12 to unit holders of record as of Aug. 1.¬†That amount matches the company's previous distribution, which was handed out in mid-May. Before that, the company paid slightly less -- $0.5075 per unit.

The just-declared distribution annualizes to $2.05 per unit. That yields 10.2% at Memorial's most recent closing price of $20.05.

The company also announced that its Q2 results will be unveiled before the market opens on Aug. 7. Shortly thereafter, management will host a conference call to discuss the quarter.

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Related Tickers

9/27/2016 4:00 PM
MEMP $1.57 Down -0.02 -1.26%
Memorial Productio… CAPS Rating: **