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Here's Why Green Plains Partners LP Rose 10.7% in July

TheMotleyFool 
0 0 03.08.17
Here's Why Green Plains Partners LP Rose 10.7% in July
 
Here's Why Green Plains Partners LP Rose 10.7% in July

Shares of Green Plains Partners LP (NASDAQ: GPP) rose nearly 11% last month on news that management had decided to increase the quarterly distribution. It wasn't much -- only an additional penny per share from the previous level -- but the company is setting a very shareholder-friendly precedent of steadily increasing the payout. 

The partnership only became publicly traded in July 2015. It's first quarterly distribution stood at $0.40 per share. Today, just seven payouts later, shareholders collect $0.45 per share. The trend is supported by increasing revenue and profits, which also means that the increases to distributions are sustainable.

How much longer can it continue?

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Source: Fool.com

Green Plains Inc. Stock

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-6.200%
Green Plains Inc. took a tumble today and lost -€1.160 (-6.200%).

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