- News Releases
- Events & Presentations
- Investor Resources & Tax
|View printer-friendly version|
|Andeavor Logistics Announces 29th Consecutive Quarterly Distribution Increase|
SAN ANTONIO, TX - July 24, 2018 - Andeavor Logistics LP (NYSE: ANDX) announced today the declaration of its quarterly cash distribution for the second quarter 2018 of $1.03 per limited partnership unit, or $4.12 on an annualized basis. This distribution represents a 1.5% increase over the prior quarterly distribution of $1.015 per limited partnership unit, or $4.06 per unit on an annualized basis, and Andeavor Logistics' 29th consecutive quarterly increase. The second quarter distribution will be paid August 14, 2018 to all unitholders of record as of August 3, 2018. Over the prior four quarters, Andeavor Logistics has increased its distribution to limited partners by 6%.
About Andeavor Logistics LP
Forward Looking Statements
This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of Andeavor Logistics LP's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Andeavor Logistics' distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not Andeavor Logistics, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.