BlueKnight Energy Partners (BKEP) Update - April

BlueKnight Energy Partners (BKEP) Update - April

Postby dan_s » Wed Apr 21, 2021 6:28 pm

TULSA, Okla.--(BUSINESS WIRE)-- Blueknight Energy Partners, L.P. (“Blueknight” or the “Partnership”) (Nasdaq: BKEP and BKEPP), announced today that the board of directors of its general partner has declared a quarterly cash distribution on the Partnership’s common units of $0.04 per common unit, as well as a cash distribution of $0.17875 per unit on the Partnership’s preferred units for the quarter ended March 31, 2021. The first quarter 2021 distributions for both the common and preferred units remain unchanged from those paid for the fourth quarter 2020. The distributions are payable on May 14, 2021, on all outstanding common and preferred units to unitholders of record as of the close of business on May 7, 2021.

Cash distributions to the common unitholder can only be paid if the cash distributions to the preferred units (BKEPP) are totally up-to-date. Annual yield on BKEPP is 9% and it is rock solid.
Dan Steffens
Energy Prospectus Group
dan_s
 
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