Hi-Crush Partners LP today announced they are raising the distribution 4%. This is in line with expectations and brings the yield to 5.7% from today’s price per share.
Considering it was just August that I was buying the partnership for $23.99, that puts my yield at an effective 8.5%. Quite pleasing for the moment – particularly when you stack the 48% unrealized gain on top of that.
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What a fine day it is
ash.
nice.