EV Energy Partners Raises Dividend Again

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Oil and gas property master limited partnership EV Energy Partners  will pay a regular quarterly cash distribution of $0.768 per share on May 15 to the holders of record at the close of business on May 9.

EV Energy has paid a quarterly dividend consistently since 2007, with the just-declared quarterly dividend up from its prior distribution of $0.767. The dividend has increased every quarter since it was initiated, or 25 consecutive quarters.

The MLP is engaged in acquiring, producing, and developing oil and gas properties in North American onshore basins.


The most recent dividend payment equates to a $3.072-per-share annual dividend yielding 6.5% based on the closing price of EV Energy Partners' stock on April 29.

EVEP Dividend Chart

EVEP Dividend data by YCharts. Chart does not reflect the new higher cash distribution announcement.

The article EV Energy Partners Raises Dividend Again originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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