Houston – December 18, 2015 (GLOBE NEWSWIRE) – Vanguard
Natural Resources, LLC (NASDAQ: VNR) (“Vanguard”) has declared a cash
distribution attributable to the month of November 2015 of $0.03 per
common unit ($0.36 per unit on an annual basis) payable on January 14,
2016 to common unitholders of record on January 4, 2016. This
distribution level represents an approximate 75% reduction from the
$0.1175 per common unit monthly distribution ($1.41 per common unit on
an annual basis) paid last month. Based on yesterday’s closing price of
$2.89, the new distribution provides a current yield of 12.5%.This is the second time I buy VNR and the dividend is cut few days later...go figure :) Better not buy anymore...
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