WHIPPANY, N.J., April 24, 2014 /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 March 29, 2014. This
quarterly distribution rate equates to an annualized rate of
$3.50 per Common Unit. The
distribution is payable on May 13,
2014 to Common Unitholders of record as of May 6, 2014.
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.