Holly Energy Partners Announces Change in Distribution Strategy and Quarterly Distribution
DALLAS--(BUSINESS WIRE)--The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit, which represents a 48% reduction from its last quarterly distribution. The first quarter 2020 distribution will be paid on May 14, 2020 to unitholders of record on May 4, 2020. HEP’s current distribution strategy is intended to: fund all capital expenditures and distributions within free cash flow, improve distributable cash flow coverage to 1.3x or great
Holly Energy Partners Announces Change in Distribution Strategy and Quarterly Distribution
DALLAS--(BUSINESS WIRE)--The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit, which represents a 48% reduction from its last quarterly distribution. The first quarter 2020 distribution will be paid on May 14, 2020 to unitholders of record on May 4, 2020. HEP’s current distribution strategy is intended to: fund all capital expenditures and distributions within free cash flow, improve distributable cash flow coverage to 1.3x or great