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Sunoco ( (SUN) ) has issued an announcement.
On January 27, 2025, Sunoco LP announced that its Board of Directors approved a quarterly cash distribution of $0.8865 per common unit for the quarter ended December 31, 2024, reflecting a 1.25% increase over the previous quarter. This marks the third consecutive annual increase in distribution, underscoring a strong long-term financial outlook and a path for continued multi-year distribution growth. The distribution will be paid on February 19, 2025, to unitholders of record as of February 7, 2025.
More about Sunoco
Sunoco LP is a leading energy infrastructure and fuel distribution master limited partnership, operating across over 40 U.S. states, Puerto Rico, Europe, and Mexico. The company manages an extensive network of approximately 14,000 miles of pipeline and over 100 terminals, complementing its fuel distribution operations to around 7,400 Sunoco and partner-branded locations, as well as independent dealers and commercial customers. Sunoco’s general partner is owned by Energy Transfer LP.
YTD Price Performance: 7.80%
Average Trading Volume: 417,803
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $8.51B
For a thorough assessment of SUN stock, go to TipRanks’ Stock Analysis page.
