Suburban Propane Partners, L.P. SPH today announced that its Board of Supervisors declared the 28th increase in the Partnership's quarterly distribution from $0.85 to $0.8525 per Common Unit for the three months ended December 25, 2010.
This represents the Partnership's 19th consecutive increase in the quarterly distribution rate, which equates to an annualized rate of $3.41 per Common Unit, an increase of $0.01 per Common Unit from the previous distribution rate, and a growth rate of 2.1% compared to the first quarter of fiscal 2010. The distribution at this increased rate is payable on February 8, 2011 to Common Unitholders of record as of February 1, 2011.
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