KNOT Offshore Partners LP Announces Third Quarter 2020 Cash Distribution
KNOT Offshore Partners LP (NYSE:KNOP) has announced a quarterly cash distribution of $0.52 per unit for the quarter ending September 30, 2020. This equates to an annualized distribution of $2.08 per unit. The payment will be made on November 13, 2020 to all unitholders on record by October 30, 2020. KNOT Offshore operates shuttle tankers under long-term charters in offshore oil production areas of the North Sea and Brazil, structured as a publicly traded master limited partnership.
- Quarterly cash distribution declared at $0.52 per unit.
- Annualized distribution of $2.08 per unit enhances income potential for unitholders.
- Stable revenue stream from long-term charters in offshore oil production.
- None.
ABERDEEN, Scotland--(BUSINESS WIRE)--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 September 30, 2020, of
This corresponds to
This cash distribution will be paid on November 13, 2020 to all unitholders of record as of the close of business on October 30, 2020.
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.
