WHIPPANY, N.J., Oct. 24, 2013 /PRNewswire/ -- Suburban
Propane Partners, L.P. (NYSE:SPH), a nationwide distributor of
propane, fuel oil and related products and services, as well as a
marketer of natural gas and electricity, today announced that its
Board of Supervisors declared a quarterly distribution of
$0.8750 per Common Unit for the three
months ended September 28, 2013. This
quarterly distribution rate equates to an annualized rate of
$3.50 per Common Unit, which
represents a growth rate of 2.6% when compared to the annualized
rate of $3.41 per Common Unit as of
the end of fiscal year 2012. The distribution is payable on
November 12, 2013 to Common
Unitholders of record as of November 5,
2013.
Nominees are hereby notified that there is a withholding
requirement of 39.6% for foreign partners from the $0.8750 per unit cash distribution under Section
1446 of the Internal Revenue Code.
Suburban Propane Partners, L.P. is a publicly-traded master
limited partnership listed on the New York Stock Exchange.
Headquartered in Whippany, New
Jersey, Suburban has been in the customer service business
since 1928. The Partnership serves the energy needs of more than
1.2 million residential, commercial, industrial and agricultural
customers through more than 750 locations in 41 states.
SOURCE Suburban Propane Partners, L.P.