Oiltanking Partners increases dividend 5.6% to 47c Oiltanking Partners announced that the board of directors of its general partner declared a cash distribution of 47c per unit, or $1.88 per unit on an annualized basis, for the Q4 of FY13. The Q4 distribution represents a 5.6% increase over the prior quarter distribution of 44.5 per unit and a 20.5% increase over the prior year distribution of 39c per unit. The distribution will be paid on February 14, to unitholders of record on February 3.
News For OILT From The Last 14 Days
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Oiltanking Partners CEO Anne-Marie Ainsworth resigns Oiltanking Partners announced that Kenneth F. Owen has been appointed as President and CEO of the Partnership's general partner effectively immediately. Mr. Owen will also serve on the Board of Directors of its general partner. Anne-Marie Ainsworth has resigned as President, CEO and member of the Board of Directors of its general partner.