KNOT Offshore Partners LP Announces First Quarter 2021 Cash Distribution
KNOT Offshore Partners LP (NYSE:KNOP) has declared a quarterly cash distribution of $0.52 per unit for the quarter ending March 31, 2021, equating to $2.08 annually. This distribution will be paid on May 13, 2021, to unitholders of record as of the close of business on April 29, 2021. The partnership focuses on owning, operating, and acquiring shuttle tankers under long-term charters in offshore oil production areas, primarily in the North Sea and Brazil. KNOP units trade on the New York Stock Exchange.
- Quarterly cash distribution of $0.52 per unit, annualizing to $2.08.
- Stable revenue from long-term charters in the offshore oil sector.
- None.
KNOT Offshore Partners LP (NYSE:KNOP) (“The Partnership”)
Distribution
The Partnership announced today that its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended March 31, 2021, of
This corresponds to
This cash distribution will be paid on May 13, 2021 to all unitholders of record as of the close of business on April 29, 2021.
About KNOT Offshore Partners LP
KNOT Offshore Partners LP owns, operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the North Sea and Brazil. KNOT Offshore Partners LP is structured as a publicly traded master limited partnership. KNOT Offshore Partners LP’s common units’ trade on the New York Stock Exchange under the symbol “KNOP”.
Forward looking statements
This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. Factors that can affect future results are discussed in the Annual Report on Form 20-F filed by the Partnership with SEC. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
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