Enviva Partners, LP announced that the Board of Directors of its general partner declared a quarterly distribution of $0.66 per common unit for the 2Q 2019. This distribution is the Partnership’s sixteenth consecutive distribution increase, representing a 12.5% compound annual growth rate since its initial public offering.
“With our expected operational performance and the benefit of the recently acquired Hamlet plant from our sponsor, we are very pleased to continue our track record of sixteen consecutive quarter-over-quarter distribution increases,” said Shai Even, CFO of Enviva. “With this important step, we continue well on our way to meeting our expectations of distributing at least $2.65 per common unit for full year 2019.”
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.
