Calumet Announces Distribution Increase

One of the larger positions in my portfolio, Calumet Specialty Products Partners (CLMT), announced a quarterly distribution increase from 56 cents to 59 cents a share.  This is the second 3 cent per share increase in the last 12 months.

I currently own 558 shares, so this increase will mean a dividend income increase of $16.74 a quarter, which is nice.  I have been wanting to add to this position for a while now, I just haven't found a great entry price recently.  I wish I had purchased more back here.  I'm hoping to buy more of this one on a dip soon.  I have a decent amount of cash sitting in my account, I'm hoping to make a purchase or two before the end of the month!