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Author Topic: StoneMor Partners L.P. Declares 3.7% Increase in Cash Distribution and Announces That It Will Hold Investors' Conference Call for Third Quarter 2008 Financial Results  (Read 846 times)

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StoneMor Partners L.P. Declares 3.7% Increase in Cash Distribution and Announces That It Will Hold Investors' Conference Call for Third Quarter 2008 Financial Results
           


<p>LEVITTOWN, PA--(Marketwire - October 17, 2008) -  StoneMor Partners L.P. (<exchange name="NASDAQ">NASDAQ</exchange>: <ticker name="STON">STON</ticker>)
announced today that it has declared a cash distribution of $0.5550 per
unit, payable on November 3, 2008, to common and subordinated unit holders
of record as of the close of business on October 27, 2008.  This
distribution represents a 3.7% increase over last quarter.
<p>
Lawrence Miller, President and CEO, commented, "StoneMor has increased its
cash distribution by 18.9 % since the third quarter of 2005. We are pleased
to be able to continue to provide our unit holders with a consistent and
predictable income stream from our cash flow.  Our business remains strong,
and despite the turmoil in the financial markets, our cash flow remains
high.  Today's announcement underscores that.  It is our intention to
continue to increase our distributions in the future, while we continue to
evaluate additional potential accretive acquisitions.
           

http://www.marketwire.com/mw/release.do?id=911004&sourceType=3
           
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