Enviva Partners, LP announced that the Board of Directors of its general partner declared a quarterly distribution of $0.5250 per common and subordinated unit for the 2Q 2016, representing a $0.015, or 2.9%, increase from the Partnership’s 1Q distribution.
“Based on our strong operating and financial performance, we are pleased to be able to increase our distribution again this quarter,” said John Keppler, Chairman and CEO. “We have increased our distribution every quarter since our IPO and that is a trend we expect to continue.”
Enviva Partners, LP is a publicly traded master limited partnership that aggregates a natural resource, wood fiber, and processes it into a transportable form, wood pellets.
