High Yield Stock: Buckeye Partners, L.P. Increases Quarterly Distribution

Buckeye Partners, L.P. (BPL), an operator of refined petroleum products pipeline systems, raised its quarterly distribution from $0.9125 per unit to $0.9250 per unit, a 1.37 percent increase. The new distribution is payable November 30, 2009 to unitholders of record as of November 12, 2009.

Since November 1999, BPL has increased its quarterly distribution 68.18 percent, an annualized rate of 5.34 percent. See Distribution History for a table (.pdf) of quarterly distributions back to May 1987.

Its current dividend yield is 7.40 percent.

To get more performance information about BPL, use the buyupside.com Stock Return Calculator. Enter BPL as the stock symbol on the calculator input form.

See Pipeline Master Limited Partnerships Pay Hefty Cash Distributions for more pipeline stocks.

I (RAH) do not own BPL.

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Posted November 4, 2009.

High Yield Stock: Buckeye Partners, L.P. Increases Quarterly Distribution

High Yield Stock: Buckeye Partners, L.P. Increases Quarterly Distribution