K-Sea Transportation Partners L.P. Announces Operating Results and Net Income for Second Quarter of Fiscal 2008; Increases Dividend.
Business Wire (January 31, 2008)
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K-Sea Transportation Partners L.P. Announces Operating Results and Net Income for Second Quarter of Fiscal 2008; Increases Dividend.
NEW YORK -- K-Sea Transportation Partners L.P. (NYSE: KSP) today announced operating results and net income for the second fiscal quarter ended December 31, 2007. The Company also announced that its distribution to unitholders for the second quarter will increase by $0.02, or 2.8%, to $0.74 per unit, or $2.96 per unit annualized. This is the eleventh consecutive quarter of increased distributions, and the thirteenth increase since the Company's IPO in January 2004. The distribution will be payable on February 14, 2008 to unitholders of record on February 8, 2008.
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