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Sunoco LP Announces 2.0% Increase in Quarterly Distribution

HOUSTON, April 26, 2016 /PRNewswire/ -- Sunoco LP (SUN) announced that the Board of Directors of its general partner has declared a quarterly distribution for the first quarter of 2016 of $0.8173 per common unit, which corresponds to $3.2692 per common unit on an annualized basis. This represents a 2.0 percent increase compared to the distribution for the fourth quarter of 2015 and a 26.7 percent increase compared with the first quarter of 2015. This increase marks the twelfth consecutive quarter that Sunoco LP has raised its distribution.

The distribution will be paid on May 16, 2016 to common unitholders of...