Global Partners LP Announces $0.59375 Quarterly Cash Distribution on Series B Preferred Units

By Tamara Parker • Monday, April 14 10:01 • Permanent Link

Global Partners LP (NYSE: GLP) has just announced a quarterly cash distribution of $0.59375 per unit ($2.375 per unit on an annualized basis) on its 9.50% fixed-rate Series B preferred units for the period from February 15, 2025, through May 14, 2025. This represents a change from the previous period's distribution and will be paid on May 15, 2025, to Series B preferred unitholders of record as of the opening of business on May 1, 2025.

Global Partners LP has evolved into a Fortune 500 company and industry-leading integrated owner, supplier, and operator of liquid energy terminals, fueling locations, and guest-focused retail experiences. The company operates or maintains dedicated storage at 54 liquid energy terminals with connectivity to strategic rail, pipeline, and marine assets spanning from Maine to Florida and into the U.S. Gulf states. Additionally, it owns, operates, and/or supplies approximately 1,700 retail locations across the Northeast states, the Mid-Atlantic, and Texas.

As a master limited partnership, Global Partners LP trades on the New York Stock Exchange under the ticker symbol "GLP." For additional information, visit www.globalp.com. The market has reacted to these announcements by moving the company's shares 0.8% to a price of $48.58. If you want to know more, read the company's complete 8-K report here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.