SemGroup Q2 Profit Declines; Boosts Quarterly Dividend

(RTTNews) - SemGroup Corp. (SEMG) Thursday reported second-quarter net income attributable to the company of $3.6 million or $0.08 per share, compared to $5.1 million $0.12 per share in the comparable quarter last year.

On average, three analysts polled by Thomson Reuters expected the company to earn $0.41 per share for the quarter.

Revenues for the quarter were $324.24 million, compared with $331.78 million a year ago.

Further, the company said its board of directors declared a quarterly cash dividend to common shareholders of $0.20 per share, a 5.3% increase from the initial quarterly dividend of $0.19. The dividend will be paid on August 30, 2013 to all common shareholders of record on August 19, 2013.