Cheniere Energy Partners (NYSEMKT:CQP) is keeping its payout level for now. The partnership has declared a distribution of $0.425 per common unit, to be paid on August 14 to holders of record as of August 1. That amount is in line with nearly all of Cheniere Energy Partners' previous distributions stretching back to August 2007. The only exception is its first payout of $0.028, which was handed out in May 2007.
Since then, the partnership has paid a distribution in every quarter.
The just-declared payout annualizes to $1.70 per share. That yields 5.7% at Cheniere Energy Partners' most recent closing stock price of $30.05.
Fool contributor Eric Volkman has no position in Cheniere Energy Partners, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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