MIDLAND, Texas, Feb. 08, 2016 (GLOBE NEWSWIRE) -- Viper Energy Partners LP (NASDAQ:VNOM) ("Viper"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that the board of directors of its general partner has declared a cash distribution of $0.228 per common unit for the three-month period ended December 31, 2015, payable on February 26, 2016 to common unitholders of record as of the close of business on February 19, 2016.
The fourth quarter 2015 cash distribution increased 14% to $0.228 per unit from $0.20 per unit in the third quarter of 2015. When annualized, this distribution represents an approximate 6% yield based on the closing price for Viper's common units on February 3, 2016.
Just to show you that all MLP aren't cutting distributions.
Viper Energy Partners LP (VNOM)
Viper Energy Partners LP (VNOM)
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group