- Global Partners LP (GLP, Financial) declares a cash distribution of $0.7450 per common unit for Q1 2025.
- Payment is set for May 15, 2025, with a record date of May 9, 2025.
- Distributions to non-U.S. investors will be subject to the highest tax rate plus 10%.
Global Partners LP (GLP) announced a first-quarter 2025 cash distribution of $0.7450 per unit, translating to an annualized distribution rate of $2.98 per unit. This distribution covers the period from January 1, 2025, through March 31, 2025. Unitholders on record as of May 9, 2025, will receive payment on May 15, 2025.
Brokers and nominees holding GLP units on behalf of non-U.S. investors are advised to regard 100% of distributions as income effectively connected with a U.S. trade or business. Consequently, these distributions will incur a federal income tax withholding at the highest effective tax rate, plus an additional 10%. Nominees are designated as withholding agents for these distributions.
Global Partners LP, a Fortune 500 company, operates an expansive network of 54 liquid energy terminals and approximately 1,700 retail locations across the U.S., distributing gasoline, distillates, and renewable fuels. The firm's stock is traded under the ticker "GLP" on the New York Stock Exchange.
