Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone," "BSM," or "the Company") today declared the distribution attributable to the third quarter of 2021.
Common Distribution
The Board of Directors of the general partner (the "Board") has approved a cash distribution for common units attributable to the third quarter of 2021 of $0.25 per unit. This distribution level is equal to the combined base distribution plus special distribution paid with respect to the second quarter of 2021, and is 25% greater than the Company’s previously communicated expectations for the third quarter 2021 distribution.
Distributions will be payable on November 19, 2021 to unitholders of record on November 12, 2021.
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BSM is one of three minerals companies in our High Yield Income Portfolio. It is an MLP. Based on today's unit price, the annualized yield is approximately 8.1%, partially tax deferred. MLPs are better suited for taxable accounts.
Black Stone Minerals (BSM) for High Yield - Oct 29
Black Stone Minerals (BSM) for High Yield - Oct 29
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group