Sunoco LP (SUN, Financial) has announced a raised distribution of 89.76 cents per common unit for the quarter ending March 31, translating to an annualized payout of $3.5904. This marks a 1.25% increase, or $0.0111 per unit, compared to the previous quarter, ending December 31. This is the second consecutive quarter that Sunoco has boosted its distribution, aligning with its strategic goals aimed at achieving a 5% annual distribution growth by 2025.
The latest increase brings the total distribution growth to approximately 9% since 2022, highlighting Sunoco's ongoing dedication to returning capital to its unitholders. The quarterly distribution is scheduled for payment on May 20 to those holding units as of May 9.
