Knot Offshore Partners raised its quarterly cash dividend to 10 cents a share, up from 7.5 cents.
The new payout, equal to 40 cents a year, represents an annual yield of about 3.9% based on Wednesday's closing price of $10.33.
The company before the bell Thursday said the higher dividend will be paid Nov. 12 to all unitholders of record as of Oct. 26.
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