GPP stock rose 11% in after-hours trading on October 19, 2021, after the company announced its quarterly dividend cash distribution.
Green Plains Partners Declares Quarterly Distribution
On October 19, 2021, Green Plains Partners LP (NASDAQ:GPP) today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.435 per unit on all of its outstanding common units, or $1.74 per unit on an annualized basis, for the third quarter of 2021. The distribution is payable on Nov. 12, 2021, to unitholders of record at the close of business on Nov. 5, 2021.
This release serves as a qualified notice to nominees under Treasury Regulation Section 1.1446-4(b). Please note that 100% of Green Plains Partners’ distributions to foreign investors are attributable to income that is effectively connected with a U.S. trade or business. Accordingly, all of the partnership’s distributions to foreign investors are subject to U.S. federal income tax withholding at the highest effective tax rate.
Green Plains Partners LP (NASDAQ:GPP) is a fee-based Delaware limited partnership formed by Green Plains Inc. to provide fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage terminals, transportation assets and other related assets and businesses. For more information about Green Plains Partners, visit https://www.greenplainspartners.com
GPP Stock Technical Analysis
GPP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Click here for further technical analysis on GPP and to set up email alerts.