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Sunoco Logistics boosts quarterly distribution

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Sunoco Logistics boosts quarterly distribution

Sunoco Logistics Partners LP declared a cash distribution of 52 cents per common unit for the fourth quarter of 2016, or $2.08 per unit on an annualized basis.

The distribution, which equates to a 2% increase over the prior quarter and a 9% increase over the same quarter in 2015, is payable Feb. 14 to unit holders of record Feb. 7, according to a Jan. 26 news release.